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To: rxsid
The latest video from What’s Going On With Shipping takes a look at who pays and discusses marine insurance and how it is structured Pretty interesting

MV Dali and the Francis Scott Key Bridge | March 31 Update & Who Pays for the Salvage?

110 posted on 03/31/2024 7:39:17 PM PDT by OldHarbor
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To: OldHarbor

Haha - I’d just watched that vid a couple hours ago. It’s a VERY interesting vid. It could literally take 20+ years to resolve all the liabilities.

The inefficiencies in our “system” of law and government are incredible.

As an aside, there are also a few very astute comments in the comments about the complexity of the ship’s control systems and things that can go wrong. For example, this ship apparently has 4 electrical generators and an emergency backup generator. If, say, 3 generators are running and one goes a little out of phase, that can crash the whole system.


117 posted on 03/31/2024 11:39:33 PM PDT by Paul R. (Bin Laden wanted Obama killed so the incompetent VP, Biden, would become President!)
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