LMA - Marine Committee

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Marine Committee

The LMA Marine Committee is the overarching committee for maritime issues at the LMA and brings together senior and experienced voices from across the market.

The committee oversees the work of numerous class-specific sub-committees, debating on wide-ranging issues such as the Black Sea, sustainability and US sanctions.

Committees » Marine

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Committee

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Neil Roberts

Head of Marine & Aviation

Committee secretary

Richard Palengat

Chair

Function

The Marine Committee convenes every other month, providing an opportunity for the chairs of each sub-committee to update the market on the wide range of work being undertaken. If any underwriter would like an issue raised at committee level, please get in contact with the committee secretary.

Red Sea

The situation remains dynamic but transits are continuing, albeit at a reduced volume.

Sanctions

Revised sanctions clauses (LMA3100A and LMA3200) have been released and are available on the LWR.

Sustainability

There are many initiatives in play, not least the IMO’s decarbonisation targets for shipping. As part of that, one of the main priorities is to examine the characteristics of the various alternative fuels.

Use of wordings and clauses

LMA wordings and clauses, and those produced by Joint Committees on which LMA members participate, are model wordings and therefore purely illustrative. Use is not restricted to LMA members, and the LMA does not protect its intellectual property rights over such wordings. Parties are free to amend LMA or Joint Committee wordings* or agree alternative terms, and it is for Underwriters, Brokers and Clients to decide whether any LMA or Joint Committee wording, whether modified or not, is appropriate for a given risk. The LMA provides no warranty of suitability for any contract or purpose and accepts no liability for any loss or damage arising from reliance on such wording. The LMA does not have clause drafting histories. LMA committees (and panels and working groups which are established by such committees) and Joint Committees are governed by terms of reference designed to ensure, amongst other things, compliance with competition law at all times.

¹please refer to LMA’s bulletin LMA-24-046-DP on amending LMA clauses.

Useful links

Committee insights

LMA announces new members of Chief Underwriting Officers’ Committee

LMA publishes new clause and guidance note addressing transit fee payments in the Strait of Hormuz

Strait of Hormuz Transit Fee Condition

Upcoming events

For events hosted online, joining instructions will be emailed to all registered attendees closer to the date of the event no later than 24 hours prior to commencement.

View more events

The New Brazilian Insurance Act: Key Changes and Market Implications

The LMA Property Insurance Claims Group welcomes property claims handlers to this virtual session examining Brazil’s new Insurance Act, Law No. 15,040/2024, and its potential implications for the insurance market.

California Fair Claims Settlement Practices Regulations Webinar, September 2026

You are invited to join an on-demand California claims handling webinar delivered by Wilson Elser. The California Fair Claims Settlement Practices Regulations apply to all insurance practitioners who handle California claims, whether business is admitted or non-admitted or on a surplus lines basis.

Managing Expert Engagement: A Property Claims Roundtable

The LMA Property Insurance Claims Group welcomes property claims professionals to this interactive roundtable exploring the effective management of experts throughout the claims process.

Useful links

The following links are of general interest to the maritime sector. Marine class-specific links can be found on the individual joint committee pages.

IUMI

The LMA Marine Committee works closely with the International Union of Marine Insurance (IUMI), where Committee Secretary Neil Roberts is also Chair of the Policy Forum.

IUMI is a professional body that represents the interests of national and international marine (re)insurers, by providing education and guidance, contributing to public debate and lobbying for the interests of the market.