1. INTERNATIONAL MARINE CLAIMS CONFERENCE
LEADER ’S RIGHTS, ROLES & RESPONSABILITIES
PANEL DISCUSSION
FRENCH MARKET PRACTICE

2. LEADER’S RIGHTS IN HANDLING THE CLAIM
q To decide any matter relating to any claim made under the policy (payments, settlements, claims, surveys, guarantees, towage, salvage, payments on account, claim settlements …)
q To appoint and employ any expert of his choice (surveyors, lawyers …) to deal with any matter which gives or may give rise to a claim.
q To request counter guarantees from co-insurers where L.O.U. has been issued on behalf of co-insurers
q To collect handling fees as per recommended Market Claims Handling Scheme
q To settle its own share without having to compensate neither co-insurers refusal to settle their share nor their bankruptcy

3. LEADER’S DUTIES & OBLIGATIONS TOWARDS CO-INSURERS
q To notify claim with initial reserve
q To notify settlements and closures
q To inform each co-insurer of any legal action
q To obtain prior approval of co–insurers for “ ex gratia ” payments, as such payments are not binding on any co-insurer