Fw: PMM Online Friday, November 12, 2010
- Pacific Maritime Online - a good source of news. The council has yet to make headway in cementing a closser relationship. We'll keep trying.Our beat is essentially the same as the magazine.Phelps----- Original Message -----To: pmmc@...Sent: Friday, November 12, 2010 12:16 PMSubject: PMM Online Friday, November 12, 2010
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Pacific Maritime Magazine
November 2010 IssueMarine
By Marilyn Raia
Anyone who has a television knows how easy it is to buy the right car insurance. You can find a perky woman in a white apron named Flo or have a chat with a Cockney-speaking reptile. Finding the right marine insurance is not so easy. Marine insurance may be the oldest type of insurance, perhaps dating back to the twelfth century in Northern Italy. It is steeped in tradition not found in other lines of insurance. This article presents an overview of the three most common types of marine insurance.
Unlike other types of insurance, marine insurance is subject to the longstanding doctrine of uberrimae fidei or the doctrine of utmost good faith. Under the doctrine, a person applying for marine insurance is obligated to disclose all information that may be material to the risk, whether or not the insurer asked for it.
Material information is information relevant to the insurer's decision to underwrite the risk. The information solicited in the application is presumptively material. Under federal maritime law, the failure to disclosure material information or the misrepresentation of material facts, whether intentional or not, allows a marine insurer to rescind the policy. ....(Read Full Arcticle)
PMM Online Friday, November 12, 2010:
- California Exports Up for 11th Straight Month
- Oakland Port Commissioner Receives $100K Award For Green Activism
- SoCal Ports See Trio of Safety and Law Enforcement Incidents
- Vancouver USA Port Slashes Funding for Economic Development Group by 25%
California Exports Up for 11th Straight Month
by Keith Higginbotham
Despite California's high unemployment, rising foreclosures and a massive projected state budget deficit for next year, the Golden State's exporters in September reported the eleventh straight month of year-over-year trade growth, according to a Beacon Economics analysis of international trade data released Wednesday by the U.S. Commerce Department....(Read Full Article)
Oakland Port Commissioner Receives $100K Award For Green Activism
by Keith Higginbotham
Environmental activist Margaret Gordon, who is also a Port of Oakland commissioner, has been awarded a $100,000 prize from a Bay Area non-profit for her work in fighting industrial pollution in the Oakland area.
The 63-year-old Gordon, who along with others helped spearhead the call for tougher regulations on port-servicing trucks before being appointed to the port commission in 2007, was selected by San Francisco-based Civic Ventures for the group's Purpose Prize from more than 1,400 other nominees. She was one of five nominees to be awarded the top $100,000 Purpose Prize....(Read Full Article)
SoCal Ports See Trio of Safety and Law Enforcement Incidents
By Keith Higginbotham
Safety and law enforcement officials have been busy at the Southern California ports of Long Beach and Los Angeles, with three incidents requiring action occurring in the space of three days.
On Sunday night, a vessel refueling at the Port of Long Beach spilled between 500 and 3,000 gallons of bunker fuel into the port's back channel, according to the US Coast Guard. While the bulk carrier Da Tang 18 and the fueling barge were boomed, fuel did reach outside the boomed area. Federal and state officials placed a temporary fishing ban on the area, which was eventually lifted by Tuesday. The cause of the spill is under investigation...(Read Full Article)
Vancouver USA Port Slashes Funding for Economic Development Group by 25%
By Keith Higginbotham
The governing board for the Washington-state Port of Vancouver voted Tuesday to cut 25 percent of its annual financial support for the Columbia River Economic Development Council, citing disappointment with the non-profit's ability to create local jobs.
The port move comes after a similar shellacking of CREDC's efforts by the Clark County Board of Commissioners. The county board recently criticized the non-profit, which is funded by private and public monies, for a lack of communication with area partners and failing to support local companies....(Read Full Article)Philips Publishing Group | 2201 West Commodore Way | Seattle | WA | 98199