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Fri, Apr

Marine Insurance: SCOPIC clause - Enhancing Environmental Salvage Compensation

Ship Management

(www.MaritimeCyprus.com) Ever wondered what happens when a massive shipwreck threatens the environment — and there's barely any cargo worth salvaging? Enter SCOPIC Insurance, the hidden weapon in the world of marine salvage that

(www.MaritimeCyprus.com) Ever wondered what happens when a massive shipwreck threatens the environment — and there's barely any cargo worth salvaging? Enter SCOPIC Insurance, the hidden weapon in the world of marine salvage that most people outside the shipping industry have never heard of. Born from the Special Compensation P&I Club Clause (SCOPIC), this unique insurance kicks in when traditional salvage agreements fall short, ensuring salvors still get paid even when the ship is worthless but the environmental stakes are sky-high. It’s not just about money —

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