BOW WAVE 217

CNY Edition

news and views on trade, insurance and risk

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Wavy Line	sam@wavyline.com
(c)2004 WavyLine.com	Issue No 217 19 Jan 04
Published free of charge to Readers
Editor: Sam Ignarski
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In this issue:

1. Welcome
2. Finger Printing Foreigners
3. South of England P&I
4. ADSp is Different Now
5. European Motorway of the Sea
6. And Finally...

1. Welcome

We wish all our friends who follow the lunar calender a Happy New Year this year of the Monkey

May all our Readers be very Happy, Healthy, Wealthy and Wise and live in a more peaceful world.

Kong Hei Fatt Choy

New Readers this week include:

Lawyer Christina Owen of Cogswell, Nakazawa & Chang Lawyer Kevin Austin of Constant & Constant
Trevor Barton of Consultants PBN
John Abramson Regional Counsel for AIG in CIS and CE Fawaz Kalaldeh of Philco in Jordon

News of Readers

Trevor Barton has left Clyde & Co to join PBN, an American consultancy with particular expertise in Russia and the former Soviet Union.

Contact him at:

trevor.barton@pbnco.com

Readers Write:

New York Writer and University Teacher Elinor Garely writes:
I have received a request from Dr. Maki Haberfeld, Chair of the Department of Law, Police Science & Criminal Justice Administration at the John Jay College of Criminal Justice, for assistance in locating international contacts for the book she is writing, Sage's Encyclopedia of Law Enforcement.
Recognizing the global reach of your ezine, I thought you might include this request in your next issue.

Information on the project can be found at:

http://www.referenceworld.com/sage/law

Contact her at:

mhaberfeld@jjay.cuny.edu

This Issue features post seasonal fare including that relative rarity these days, the announcement of a new entrant into the P&I world.

Enjoy.

2. Finger Printing Foreigners

One of the on-line industry's sanest voices on the subject of security is Bruce Schneier, the CTO of Couterpane Security.

In the current issue of his monthly e-zine Crypto-Gram he argues that many of the measures which are being introduced into international transport are not acceptable trade-offs between the restrictions introduced and greater security. What is especially refreshing is his repeated emphasis on the laws freedoms and civil liberties which are currently under pressure and which themselves are the basis of social stability.

Read the article at:

http://www.schneier.com/crypto-gram-0401.html

3. South of England P&I

Julian Wade writes:

How time flies. When I researched our files, I found to my amazement, that it was as far back as Issue 150 of Bow Wave on 6th October 2002, that we announced our intention to establish The South of England Protection and Indemnity Association (Bermuda) Limited. Of course unrealistically, we were hoping to have it up and running for 20th February 2003. Although we are twelve months late I feel that your Readers will be interested to know that the Bermuda Monetary Authority's Admissions Committee, formally confirmed their approval for the incorporation of the new club today, 16th January and therefore the club will be in position to commence underwriting from 20th February next month.

The management of the mutual will be undertaken from Liechtenstein and the club's focus will primarily be with respect to dry cargo ships in the range of 7,500 to 25,000 gross tons. for onward transmission to the Managers of the club. The new club will complement Southern Seas' existing fixed premium facility for smaller tonnage up to 7,500 gross tons.
The reinsurance security already in place is 100% Lloyd's and covers claims excess of US$100,000. The mutual is also aiming to put in place other reinsurance programmes to supplement and further protect entered Members from the potential of additional calls. The new Association is pleased to confirm the support of over 450 International commercial and legal correspondents worldwide and that appropriate security to minimise delay in the event of arrest or threatened arrest of an entered ship can be provided subject to the discretion of the Managers.
The Rules of The South of England Protection and Indemnity Association (Bermuda) Limited and Special Clauses are available upon request.

Enquiries can be submitted in the first instance
through:

nbell@southern-seas.com
jwade@southern-seas.com

4. ADSp is Different Now

The old order in German freight forwarding, called Spedition, has changed and the liability system in place since the 1920s has been displaced by a system which is somewhat more recognisable to people from outside the highly evolved German regime of legal liability. The pitfalls of ADSp liability are discussed in the current issue of Peter Jones' monthly e-zine Forwarderlaw Enews by Jacobus Bracker.

Go to:

http://www.forwarderlaw.com/Feature/bracker4.htm

5. European Motorway of the Sea

Mike Elsom the newly appointed MD of this organisation has passed on details of Sea and Water the name of the new membership based organisation which has just moved into a new office in London. It is setting out to be the single point of contact for all short sea and waterways interests and will work towards the goal of increasing the number of freight loads carried by water in and around the UK.

Read all about it at:

http://www.seaandwater.org

6. And Finally...

Barbara Jennings supplied this latest instalment in our long running series on the differences between the genders:

1. NAMES

If Laurie, Linda, Elizabeth and Barbara go out for lunch, they will call each other Laurie, Linda, Elizabeth and Barbara. If Mark, Chris, Eric and Tom go out, they will affectionately refer to each other as Fat Boy, Godzilla, Peanut-Head and Scrappy.

2. EATING OUT

When the bill arrives, Mark, Chris, Eric and Tom will each throw in $20, even though it's only for $32.50. None of them will have anything smaller and none will actually admit they want change back. When the girls get their bill, out come the pocket calculators.

3. MONEY

A man will pay $2 for a $1 item he needs. A woman will pay $1 for a $2 item that she doesn't need but it's on sale.

4. BATHROOMS

A man has six items in his bathroom: a toothbrush, shaving cream, razor, toilet paper, a bar of soap, and a towel from the Marriott. The average number of items in the typical woman's bathroom is 337. A man would not be able to identify most of these items.

5. ARGUMENTS

A woman has the last word in any argument. Anything a man says after that is the beginning of a new argument.

6. CATS

Women love cats. Men say they love cats, but when women aren't looking,men kick cats.

7. FUTURE

A woman worries about the future until she gets a husband. A man never worries about the future until he gets a wife.

8. SUCCESS

A successful man is one who makes more money than his wife can spend. A successful woman is one who can find such a man.

9. MARRIAGE

A woman marries a man expecting he will change, but he doesn't. A man marries a woman expecting that she won't change and she does.

10. DRESSING UP

A woman will dress up to go shopping, water the plants, empty the garbage, answer the phone, read a book, and get the mail. A man will dress up for weddings and funerals.

11. NATURAL

Men wake up as good-looking as they went to bed. Woman somehow deteriorate during the night.

12. OFFSPRING

Ah, children. A woman knows all about her children. She knows about dentist appointments and romances, best friends, favorite foods, secret fears,and hopes and dreams. A man is vaguely aware of some short people living in the house.

13. THOUGHT FOR THE DAY

Any married man should forget his mistakes. There's no use in two people remembering the same thing.

BOW WAVE is published each week to around 9400 Readers in the transport,insurance,shipping and finance industries.

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