The importance of insurance with risks and solutions for ports and terminals

• Autores: Akram Elentably
• Localización: Journal of maritime research: JMR, ISSN 1697-4840, Vol. 16, Nº. 2, 2019, págs. 54-58
• Idioma: inglés
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• Resumen

  • The projects and operations of ports and terminals are exposed to a range of complex and changing risks.In addition to the development of these projects and taking multiple forms, the problems associated withthese developed projects develop and often require a balanced strategy to address risk mitigation. Thisstrategy involves risk transfer and reduction using traditional insurance policies, as well as innovationsand solutions tailored to specific customer requirements. Life Cycle Risks for Marine Projects Theconcept of life cycle risk, which refers to the changing pattern of the customer’s risk profile, from theinitial development of the project to planning, design, financing, construction, and very long years ofoperation. By recognizing that the challenges and risk profile of individual stakeholders of a projectwill change over the life of the project, the approach should provide insight into how risk issues andsolutions can span multiple phases of the project