Episode 7 - Legal and insurance issues in relation to maritime cyber risk

Shoreline’s Cyber consultant Nick Taylor we will be speaking to Julian Clark.  Julian is the Global Senior Partner at Ince and Co. and also heads up Ince Maritime’s new cyber initiative. The time to speak about the legal and insurance issues as they relate to maritime cyber risk has never felt more prescient than it does today. With the exclusion of silent cyber risk from property and liability policies of insurance, ship owners are forced to look for ways in which they can plug gaps in cover, and; from a regulatory perspective, with the new IMO 2021 Cyber requirements now in play, there is a greater focus on the need for clear company policies on cyber security both at sea and ashore. More prominence is being given to the delineation of Cyber risk and liability when drafting legal contracts.  Cyber risk is now center stage when agreeing charter party terms and / or entering into contracts for service or supply with third party vendors. In today’s podcast we will delve deeper into these modern day problems and discuss the size and shape of the issues at hand, whilst also focusing on how shipowners may mitigate and transfer these cyber related risks out of their companies.