Freight Demurrage & Defence Insurance 2014/2015
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– No: 42/2013Freight Demurrage & Defence Insurance 2014/2015
- Stable performance in 2013 with an expected combined ratio of 103%
- For the 2014/15 renewal a general increase of 5% has been decided as well as an increase of the standard deductible of USD 1,000
- Insolvency problems in the shipping markets generate complex and costly legal disputes