Boat Insurance Salvage
Someone has hired a marine surveyor who lost major / obvious problems on the Boat? They were responsible in some way?
surveyor Marino missed the big structural issues, such as rotted bulkhead aft, cracking the hull with stringers separated from the bark of the engine room back to lazarette – both caused by damaged bulkheads. Surveyor has no insurance, but has personal assets. Boat spent broker had previously owned the boat on two occasions. I feel that the inspector gave the boat a "green light" because the boat brokers knew that I would buy the boat had favorable research. They sold me with success " account of goods which do not adequately reflect the real situation of the ship. I am now $ 110,000 dollars. My dilemma is this, I follow through the lawsuit, which will possibly cost more than $ 30,000, with the ability to recover my losses or throw good money after bad? Or do I look to save ship was given a salvage value of $ 5,500? Or I walk away from trouble and try to reach an agreement with the bank to reduce my outstanding loan of $ 60,000, if I pay balance off in full?
Process, the whole way. Yur contract to buy the boat must have read something, the results of a favorable research. If the test was below, yo and used a licensed inspector, it can be held liable if the damage was so obvious that it should not have been lost. Hire a lawyer to represent him in emergency, and when you win, he wins a portion of the settlement. Call all the newspapers and let them know what happened.
Successful salvage of the m/v “Hold Fast”
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‘Gotcha’: International Marine Insurance Fraud and Conspiracy: A Study Guide $7.34 STEAL, CHEAT, AND LIE YOUR WAY TO THE TOP–a growing practice on both sides of the Atlantic that’s costing consumers millions each year. Marine insurance is based on Uberrimae Fidei or utmost good faith but it hasn’t worked out that way. Author Ed Geary closely examines the schemes of marine insurance fraud and conspiracy that involves not only boat owners and policy holders, but insurance brokers, and marine underwriters. During his five year USCG training mission of the Venezuelan Coastguard Geary’s disclosure of the Central Intelligence Agency’s clandestine Operation Deep Six to destabilize the elected government of Venezuela and install Hugo Chavez as president put him in the cross-hairs of the Agency. Silencing him became an even greater priority when Geary exposed the CIA’s theft of high value yachts used in idiotic schemes to smuggle narcotics from Colombia to the United States. Gotcha delves into the flawed business practices of The London Salvage Association that ultimately destroyed an organization that’s been around before the reign of Queen Victoria and exposes the fraud and “trickle-down-corruption” that has tainted the Lloyd’s Agency System. After the melt-down of ENRON and WorldCom the cover-up of Arthur Andersen’s fraudulent ship valuation conspiracy by the once reliable Lloyd’s List in London challenges the imagination. |
