Sun | Dec 4, 2016

First salvage symposium aims to formalise sector

Published:Monday | February 23, 2015 | 12:00 AM
Aggrey Palmer head of Area Salvage Contractors Limited.

On Wednesday, February 25, persons with an interest in the business of salvaging will, for an entire day, learn all they need to know about the sector. The first symposium to alert everyone about how salvaging works will take place at the Jamaica Conference Centre, downtown Kingston, from 8:30 a.m. to 4:30 p.m. It is being held under the theme 'Salvage: The Mutual Benefits for the Insurer and the Insured.'

Aggrey Palmer, whose company, Area Salvage Contractors Limited, is hosting the symposium, told The Gleaner that presenters from the international salvaging arena, as well as the legal fraternity, environmentalists, and local salvage operators, will be among the impressive list of facilitators. Confirmed presenters include attorneys Bertram Smith and Denise Aiken, and Fritz Pinnock, executive director of the Caribbean Maritime Institute.

"This symposium will benefit insurers; persons who ship goods regularly, both locally and overseas; loss adjusters; insurance surveyors; general commercial salvagers, among others," Palmer said. Presenters will focus on the operational aspects of salvage, the legal perspective of salvage operations, international salvage, as well as salvage and the environment.

The symposium will also sensitise the insurance industry and bring everyone together to formalise the sector and increase the sector's efficiency, Palmer added.

"There are many informal companies in existence, but we would like to formalise it and get a proper structure, so that instead of being an industry of varying shades, as an industry we will have clarity," Palmer said.

Salvage operators usually conduct business in strict privacy in order to protect clients against potential loss; seek to recover the loss that results from fire, flood or shipwrecks; secure goods against fraud; and see how all concerned can be compensated for valuable goods that might be affected in event of a loss.

For more information, contact Area Salvage & Contractors Ltd, 103 Maxfield Avenue, Kingston 13. The telephone numbers are 906-0116, fax 876 754 5569, or email areasalvage@gmail.com.

barbara.ellington@gleanerjm.com