Fire risk escalates in superyacht market

The superyacht sector has, in the last 36 months, been rocked by an extraordinary number of fires, including onboard the 45 m ISA M/Y Aria SF just a few weeks after her delivery. Aria SF was a very public total loss. In this article Max Braslavsky and Giovanna Cabbia, at Clyde & Co LLP consider the legal and insurance issues facing superyacht owners

The risk of fire on board a superyacht during its construction can be considerable, for example, while hot works are being carried out and during and after the installation of electrical systems and batteries. Below are some suggestions to bear in mind.