In these times of volatile global markets, taking a ship out of service for one or several months may be the most profitable option until demand rises again. What was
In order for Gard to maintain the insurance cover of a ship in short or long term lay-up the Assured must present a lay-up plan which must include the following
This article aims to give owners of DNV GL-classed MOUs guidelines and recommendations with regard to the short- or long-term lay-up of their vessels. A laid-up vessel is a vessel
Periodic inspections as referred to in 1.2.1(4) above will have a particular emphasis on safety and fire extinguishing arrangements, emergency equipment (including machinery, pumps and generators), mooring and anchoring equipment.
