Risk management, marine insurance and charterparties – formulating the research needs for autonomous vessels in maritime universities

Abstract

The article describes work in Finland in forming international research group/network on activities relating to autonomous and remotely operated vessels, which concentrates in tackling marine business related obstacles and solutions especially for risk management, marine insurance and charter parties legal issues. Comparative approach to these issues connects national and international experts to network and future research alliance in MET. The purpose of the activities is to create a network of experts which will seek funding for future work to enhance Nordic model of risk management for autonomous vessels. The Nordic Marine insurance Plan already has a relevant market share in marine insurance worldwide, but the specific research area is promoting applications for research activities which lead to the Nordic solution to be the market leader in marine insurance for autonomous and remotely operated vessels worldwide. The article describes the benefits of this approach in relation to other jurisdictions. This approach will also concentrate on facilitating the maritime transport by renewing the charter party clauses for the benefit of those operators who use the Nordic Marine insurance plan for the basis of their risk management strategy and possibilities to use cost effective Nordic Offshore and Maritime arbitration (NOMA). The article is part of promoting research activities in forming research alliance and networking of experts internationally for international maritime transportation.