This order approves a new Procedure and Conditions for Insurance in Maritime Transport, which regulates 4 main insurance areas:
- Shipowner’s liability for passenger life/health damage
- Carrier’s liability for damage to passengers, baggage, cargo, and third parties
- Maritime shipowner’s liability
- Insurance of water transport vehicles
Structurally, the document consists of 11 sections that detail:
- Procedure for concluding insurance contracts
- Specifics of each type of insurance
- Insurance amounts and compensation sizes
- Procedure for implementing insurance payments
Key innovations:
- Minimum insurance amounts and compensation have been established
- A clear procedure for documentary registration of insurance cases has been defined
- Terms for reviewing applications and making payments have been regulated
- Electronic document management has been provided for
