Lithium-ion Batteries

Lithium-ion battery safety is in the news again. Responding to this emerging safety issue for boat owners, Nautilus Marine Insurance has interviewed a panel of independent experts for an article within the latest issue of Nautilus Marine Magazine to share their technical advice.

Commenting on the lithium-ion battery safety initiative Lyndon Turner, CEO of Nautilus Marine Insurance and Publisher of Nautilus Marine Magazine, said that “Nautilus Marine Insurance sees the safety of boat owners as our number one priority. We recognise the desire of boat owners and those in the wider marine Continue reading “Lithium-ion battery safety: A series of fires on recreational vessels have been linked to lithium-ion battery powered devices”

The Australian Maritime Safety Authority (AMSA) has issued the Guidance on Risks Associated with the Carriage of Battery Electric Vehicles. The safety alert provides guidance to operators of domestic commercial vessels (DCVs) on risks associated with the carriage of battery-powered electric vehicles (BEVs) on roll-on, roll-off (RORO) ferries, and how best to deal with these risks.

As per Marine Order 504 (Certificates of operation and operation requirements) you must conduct a risk assessment for your vessel to ensure that risks arising from the carriage of BEVs are addressed. Consideration must be given to the hazards arising from transporting BEVs Continue reading “Battery electric vehicles carriage risk guidance published by AMSA”

Joint Hull Committee to issue a new clause covering the use of electronically driven equipment rated at above 100Wh. In recent years there has been a growing number of marine incidents involving lithium battery fires, resulting in the total losses of yachts, superyachts and other craft.

The Joint Hull Committee, founded in 1910, is the oldest Joint Committee. It comprises underwriting representatives from both the Lloyd’s and International Underwriting Association (IUA) company markets. It represents the interests of those who write marine hull business in the London market and it works through a number of sub-committees, principally Navigating Limits and Risk Assessment. Continue reading “Joint Hull Committee issues new clause in wake of lithium battery incidents”

A new initiative was rolled out and launched in September by Chubb. A new Lloyd’s of London consortium has been created (which Chubb will lead) that is designed to provide insurance coverage for risks associated with the transit and storage of lithium battery.

The consortium was created to address a lack of capacity in the marine cargo market for providing lithium battery transit and stock insurance. It provides a one-stop solution with limits up to $50 million for risk types associated with lithium batteries including transit, stock throughput, standalone stock and warehouse legal liability, and will include excess stock and part orders. Continue reading “Chubb launches Lloyd’s consortium to address lithium battery risk”