Regulatory Solutions
MARPOL Detention Costs Insurance
Shoreline is proud to introduce the MARPOL Detention Costs Insurance (MDCI), a specialized marine insurance product designed to narrow the gaps in shipowner's P&I insurance during expanded U.S. MARPOL investigations and subsequent prosecutions.
Key Features:
- Seafarer Well-being: Focused on the social and psychological implications of expanded MARPOL investigations in the U.S., MDCI is tailored to ensure the protection of innocent seafarers and their employers during extended periods of legal duress.
- Comprehensive Coverage: Faced with the possible reservation of P&I cover, MDCI addresses the need to cover a shipowners’ legally insurable defense costs, as well as the additional operational expenditure to which the company is exposed when maintaining its seafarer employees ashore in the U.S.
- 24/7 Legal Access: MDCI provides uninterrupted access to Chalos & Co., an esteemed U.S. law firm with an extensive track record in handling MARPOL cases.
Benefits for Stakeholders:
- Ensured well-being and protection for seafarers during legal and regulatory processes.
- Mitigation and indemnification of legally insurable financial risks for shipowners.
- Accelerated and streamlined legal resolutions in collaboration with the USCG.
Podcast Content:
Episode 1 – An introduction to MDCI
Episode 2 – A deeper dive into the MDCI coverage
Episode 3 – A conversation with George Chalos on MDCI claims related matters
A Commitment to Sustainable Maritime Operations
The introduction of MDCI underscores Shoreline's commitment to fostering a sustainable maritime ecosystem. With its continuing development of innovative marine insurance products, Shoreline remains dedicated to making its contribution to the work that seeks to ensure the ever-evolving safety, protection and regulatory compliance, within the maritime industry.