Quote:
Originally Posted by Rajoo
Very much doubt any shipping company will carry that much insurance, reconstruction estimated at $400 Million and chances are it will double or more depending on design and speed of construction. One of the three things insurance companies are known for is deny, deny, deny to pay which is why President Biden has already said our government will pay and he should have that money in emergency funds. Anything the insurance companies kick in will be after the fact, if any.
Imagine having to work through the people who built the ship, ones who own it, leasing company, Maersk, Baltimore port. I am pretty sure Maersk will be held liable for the loss of six and that alone will take five or more years to settle.
https://abcnews.go.com/US/wireStory/...lion-108640954 |
Singapore flagged the ship so they should be responsible along with the company and pay up.
If not then again stop them from coming in to our ports.
We allow the flagging of vessels to save the owners, by the paying lower taxes.
There needs to be a penalties for accidents or wrong doing to protect this country.