{"id":4402,"date":"2022-08-08T08:16:40","date_gmt":"2022-08-08T01:16:40","guid":{"rendered":"http:\/\/ligaasuransi.com\/?p=4402"},"modified":"2024-08-09T12:19:48","modified_gmt":"2024-08-09T05:19:48","slug":"5-alasan-kenapa-diperlukan-laporan-independent-marine-surveyor-ims","status":"publish","type":"post","link":"http:\/\/ligaasuransi.com\/en\/5-alasan-kenapa-diperlukan-laporan-independent-marine-surveyor-ims\/","title":{"rendered":"5 Reasons Why an Independent Marine Surveyor (IMS) Report is Needed"},"content":{"rendered":"

Liga Asuransi<\/a> – Dear readership, how are you? Let’s continue our discussion on risk management and insurance.<\/span><\/p>\n

This time we will discuss freight forwarding insurance (Marine Cargo Insurance<\/a>), especially the need for a report from <\/span>the Independent Marine Surveyor (IMS)<\/b> for the completeness of insurance coverage.<\/span><\/p>\n

Along with the increase in business activities after COVID-19, the volume of activities in the logistics sector also increased. The number of deliveries and the value of the goods transported today is increasing quite sharply.<\/span><\/p>\n

Why do insurance companies ask for IMS?<\/b><\/p>\n

For your information that one of the challenges in marine cargo insurance is if the value of the goods being transported is high and the ship used is not safe from the point of view of insurance.<\/span><\/p>\n

For risks like this, usually, the insurance company is not interested to insure it, and if they want, they will require an IMS report to ensure that the shipping risk is in accordance with the shipping requirements.<\/span><\/p>\n

Usually, the owner of the goods objects to this IMS requirement because there will be additional costs and also time to conduct a survey which causes delays in departure.<\/span><\/p>\n

As your consultant, the insurance broker will try to get insurance approval in the absence of IMS, but if the value of the goods is too high and the condition of the ship is not good, honestly it is difficult to avoid this request.<\/span><\/p>\n

Therefore, it is expected for the cargo owner or forwarder to take care of this IMS before the departure date to ensure that there is insurance coverage attached during the trip.<\/span><\/p>\n

It must be admitted that with the needs of IMS there will be additional costs, but when compared to the consequence of not insuring the goods, the cost of the IMS is worth nothing.<\/span><\/p>\n

For cargo owners or logistics companies that often transport goods in large sizes, for example with a value above USD 1,000,000 and using LCT, Tug, Boats, and similar ships, make sure that in your freight forwarding budget, IMS costs are included in addition to the cost of insurance premiums.<\/span><\/p>\n

IMS is not only useful for getting insurance coverage but also for your peace of mind that the delivery of goods has been done well in accordance with standards and procedures.<\/span><\/p>\n

What Is an Independent Marine Survey?<\/b><\/p>\n

Marine Surveyors assess the readiness of the ship to carry out an operating pattern objectively and can provide recommendations to the insurance company and the owner of the goods if a discrepancy is found based on the provisions followed.<\/span><\/p>\n

Marine Surveyors are also responsible for all assessments including recommendations given professionally with full integrity to achieve the purpose of using the ship including shipping safety.<\/span><\/p>\n

Who takes care of IMS and how much does it cost?<\/b><\/p>\n

The person responsible for managing and paying the IMS fee is the owner of the goods or forwarder\/logistics appointed by the owner of the goods.<\/span><\/p>\n

The cost of IMS depends on the size of the cargo and the ships; therefore, we suggest you find it yourself surveyors that are known to you or by searching on the internet. <\/span><\/p>\n

5 Reasons Why Insurance Companies Ask for IMS?<\/b><\/p>\n

As we have informed above that the insurance company has certain requirements and limitations in providing insurance guarantees for each delivery of goods.\u00a0<\/span><\/p>\n

Here are some reasons why:<\/span><\/p>\n