The Hanjin crisis could lead to renewed interest in charterers’ default cover, which has so far failed to breakthrough as a mainstream product in marine insurance.
Marsh insurance broking group had a marketing push with the cover a few years ago but there was a limited take-up.
It is now too late to insure the Hanjin insolvency risk but cover might be available for other shipping operations if there is no hint of financial trouble.
Charterers’
