ALERT — ISSUE 23 — KNOWLEDGE AND SKILLS 2

Alert Issue 23 continuing the "Knowledge and Skills" topic which was started within the Issue 22. The companies should demonstrate their commitment to development through not only economic, but also environmental and social performance.

The SCR, standing for the "corporate social responsibility", shall be there right in the center point of what the people responsible for the financial sides of the vessel operation are dealing with, and it's concerned with the organization responsible for the impact on the employees, customers, community and surrounding environment, and that's why the CSR principles commonly apply to the shipbrokers, charterers, financiers and insurers. Talking about the human element, this is regardless of whether in chartering or brokering of the ships, fine balance will always be there between costs and investments.

The insurers are also playing a major role in the process by highlighting the issues related to the human elements, during the assessment and prioritizing the risks as well as raising the awareness of the threats leading to the insurance claims plus determination of the control measures that should be in place to get the number of claims reduced. This would note mean, however, that everyone shall be expected to be a human element expert...