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> If a ship doesn't have insurance it should not be allowed to dock. That's already the case in the vast majority of ports to pay for situations like the Balti
by throwup238 2y ago
> If a ship doesn't have insurance it should not be allowed to dock.
That's already the case in the vast majority of ports to pay for situations like the Baltimore bridge collapse, although most damage is a lot smaller and more pedestrian like scraping the dock on approach.
Ports generally require protection and indemnity insurance to pay for damage to third parties and the port, hull and machinery insurance so the boat doesn't get stranded in the port, and wreck removal insurance to remove it if it does. Anyone going through the Panama or Suez canal has to have even more insurance to cover the extra risk of blocking a major global shipping channel.
- diebeforei485 2y agoMBS can change the rules in Saudi to require insurance if he wants to. UAE did something similar recently.