We have a team of experts specialized in their respective fields. We act as P&I correspondents, handle hull and machinery claims, provide tailored services to shipowners/charterers and offer technical consultancy services to holding companies, banks and law firms, amongst others. Atlas Ocean Island Limited covers the full spectrum of expertise including:
Ship owners and operators
Vessels are at risk.
Total and partial loss of vessels are the most significant exposures for shipowners and operators. In addition, revenues can be affected partly or entirely based on the nature of loss or damage to the ship. Further, there could be potential legal liabilities that may arise and impact liquidity and cash reserves.
Marine insurance solutions
The table below shows some of the important covers that are relevant to ship owners and operators. Please note that this list is not exhaustive, and some cover extensions are available based on the peculiarities of the trade.
Charting Risks through Marine Insurance Offerings
Having categorized what is at risk into three categories: a) Assets, b) Revenues and c) Liabilities, we can map the risks with the corresponding marine insurance products as detailed below. Some risks and products do cross boundaries and need special attention.
P&I related services
Our reputation is built on providing efficient and speedy services to satisfied clients. We currently act as correspondents for more than 10 P&I clubs including IG & fixed premium Clubs and on a regular basis, receive instructions from other P&I Clubs as well.
Our main aim is to provide a swift response upon receipt of instructions, attend in a timely manner, reflect a true and independent picture of the incident and provide technical and commercial advice through our years of experience. We understand that each client's needs are different and we are able to provide assistance in diverse range of P&I related matters. With our local expertise and knowledge, we are able to protect our client's interests and expedite resolution of issues.
The services we provide include the following:
Cargo
Cargo Damage
Cargo Shortage
Cargo Contamination
Pre-load Steel/Cargo Survey
Pre-Discharging Survey
Ships
Loss Prevention/condition survey
Collisions
Fixed Floating Objects (FFO)
People
Crew Claims
Stowaways
Pollution
Blue card inspection
Sea pollution incidents
H&M related services
Our team is capable of offering our clients a wide range of expertise in H&M related services. We are appointed by several large shipping companies to exclusively handle their H&M claims. We provide assistance in carrying out investigations of hull and machinery claims and vessel condition examinations, and handle claims from their initial stages to the final assessment of repair bills.
We have the ability to obtain relevant information from our key reliable sources on any changes in the service capabilities of local shipyards and share such information with our clients. We also monitor the latest market rates for repair costs in the ship repair industry and advise our clients accordingly.
The services we provide include:
Hull & Machinery Damages
Investigation of the cause of the damage
Damage assessment
Assessing suitable salvage teams
Assessing suitable repair teams & shipyard
Monitoring repairs
Evaluation & negotiation of repair cost
Condition Surveys
H&M Condition Survey
Ship Valuation Survey
Other services
Our dedicated team has many years of hands-on expertise to meet every client's needs by providing a wide range of services. We have the resources at hand to respond promptly whenever and wherever needed.
We conduct a wide range of surveys and inspections, including:
On / Off Hire Condition Survey
Hatch Sealing / Unsealing
Hold Condition Survey
Stevedore damage
Bunker Survey
Bunker disputes
Ullage Survey
Draft Survey
Tally Survey
Towage Survey
Container Damage Inspection
Technical consultancy
We provide technical consultancy services to a diverse clientele which includes holding companies, banks and law firms. We were involved in various projects including acqusitions, privatizations as well as valuation surveys and assessment of progress payments.
We provided our technical consultancy services to:
Various banks for their periodic assessment of bank loans as well as carrying out valuation surveys.
International law firms on understanding local market and damage assessment.
Shipping lines and ship owners on medical repatriation cases and handling of crew claims on their behalf.