ICOMIA appoints ABL at superyacht refit yard

The International Council of Marine Industry Associations (ICOMIA) appointed energy and marine consultancy ABL to develop an updated risk assessment standard aimed specifically at superyacht refit yards.

The new standard is based on the current JH143 standard for shipyard risk assessment.

ABL will draw upon knowledge from its expert JH143 and yacht specialist surveyors from different locations around the world, to ensure that the new standard will be fit for purpose, valuable to the industry and user-friendly for the surveyors.

The JH143 Shipyard risk assessment process was originally developed by ABL to assess risks at a shipyard, allowing underwriters to consider their exposure and to mitigate risks where possible.

“A superyacht refit shipyard is quite a different environment to a commercial yard and the risks are different. For example, overspray in a commercial yard may not be catastrophic, but overspray landing on a superyacht can result in a claim in the multiple millions.” Adam Jackson, ABL’s Head of Yacht Services and Director of Marine Engineering for the UK.

ABL Yachts, part of ABL, is a service provider to the insurance industry, yacht brokers, management companies and owners worldwide. ABL Yachts offers clients a large multi-disciplinary superyacht survey team with a collective experience measured in hundreds of years, combined with the support of one of the marine industry’s most experienced suppliers of consultancy services.

ABL is part of Oslo-listed consultancy group ABL Group ASA.