Who should be named as coassureds under the vessels insurances?
In addition to the shipowner, the technical manager is in practice included as a coassured as the risk of claims is closely associated with the management. With regard to P&I insurance there are instances in some jurisdictions where the claimant looks to each party involved in the voyage for security, and should the managers not be a coassured under the P&I insurance, they would have to resort to their own financial means to provide this security which may cause delays to the vessel.
