Li-ion batteries power many of the electrical devices that we use in our day-to-day lives, from children’s toys and mobile phones to laptops and vehicles.
The boom in the use of Li-ion batteries have been sparked by a demand for companies to reduce their carbon emissions in tackling climate change.
However, many goods containing li-ion batteries, such as electric vehicles are increasingly being shipped by sea. Li-ion batteries are deemed many some experts to be a hazardous cargo due to their combustible nature.
The last year has seen various incidents involving fires on-board that many believe to have been caused by li-ion batteries.
In this white paper, we explore the implications of this new cargo risk for marine underwriters.
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