How is a technical manager defined?
A technical manager should be responsible for the vessel’s selection of crew and planned maintenance of the vessel. It is not material whether a technical manager is also responsible for the vessel’s commercial management or insurances. However if the technical manager is also assisting the shipowner to arrange the insurance such information will also become important. There is an insurance to cover legal costs of those disputes which the shipowners may have with the charterer or other parties which are not covered under the P&I cover. There are usually commercial disputes such as deduction of hire, recovery of freight and demurrage. This type of cover is called Freight Demurrage & Defence insurance. It is important to note this insurance only covers the legal costs in the dispute and does not cover the ultimate recovery or liability.
