Indonesia To Require Piracy Insurance

July 12, 2001

The Indonesian National Shipowners Ass’n. announced that foreign vessels sailing in the country’s waters will now be required to insure their cargoes against piracy.

The move comes in response to the sharp increase in incidents of piracy in and around Indonesia. According to the International Maritime Bureau there were 23 attacks on vessels in the first three months of this year. Over the last five years the country’s sea lanes have registered the highest number of attacks in the world.

Agents dealing in marine coverage can consult several services such as Palo Alto-based ShipShark ™. The company just announced it’s expanding its online marine database with new listings for legal resources, “lawyers, barristers and solicitors that focus on admiralty and maritime law,” and expert witnesses.

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