Dredging works – analysis of the possibilities of using insurance as a tool to secure the interests of contracting parties Cover Image

Prace pogłębiarskie – analiza możliwości wykorzystania ubezpieczenia jako narzędzia zabezpieczenia interesów stron kontraktu
Dredging works – analysis of the possibilities of using insurance as a tool to secure the interests of contracting parties

Author(s): Bartosz Janik
Subject(s): Business Economy / Management
Published by: Polska Izba Ubezpieczeń
Keywords: dredging works; insurance; maritime insurance; builder’s risk; public tender; waterways modernization; Polish ports

Summary/Abstract: One of the most important elements of maintaining the competitiveness of Polish ports is constant execution of projects that improve access to the harbor from the sea. Such projects include the modernization and deepening of waterways, the strengthening of their banks and the development of external breakwaters. Dredging works are a key element of each of these investments. They rely on hydraulic or mechanical ground cohesion, lifting it over the surface of the water and transporting the resulting material to the disposal site. These activities are carried out using a specialized floating fleet. From the point of view of insurance issues, this is a very interesting problem, combining maritime risks and the risks associated with carrying out a construction investment. The subject of discussion in this article is to determine the real range of insurance coverage, which may a contractor have, and an indication of the remaining gaps. The evaluation of the adequacy of available protection can be a prelude to work on creating the optimum insurance offer for these investments and can provide the knowledge base for the formulation of insurance requirements in the tender documentation.

  • Issue Year: 2017
  • Issue No: 3
  • Page Range: 77-94
  • Page Count: 18
  • Language: Polish