Marine Umbrella Insurance
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Sajid Kamal Malick - Farasia
May 19, 2013, 5:57:26 AM5/19/13
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To All
Assalamo Alaikum
It's regarding Umbrella Insurance on which we debate since its start i.e. END OF Feb 2013.
Pls be advised that before National Election 2013, I had received a call from Mr. Nadeem Khan the Chairman PIFFA on such matter. We had discussed on some conclusion as below.
The main issue of Umbrella Insurance is LSP (Logistics Services of Pakistan Draft Bill) which had been pressured by exporters who are trying to impose a security of one million Rupees or above permitting to run our business in local market?????
My question was which I asked Mr. Nadeem Khan…,
1. Does any of other industry have any such security with their members???
2. Does Exporter IN POWER to impose any sort of liability on Forwarders????
3. Why our membership has been STOPPED due to such Umbrella Insurance matter which needs to discuss before any conclusion????
On my 3rd question Mr. Nadeem Khan conveyed that if we assured a majority of 70 PIFFA forwarders / members can review their decision against Umbrella Insurance & our membership certificate and discuss the matter in EGM, instead of releasing membership certificated upon submission of copy of Insurance policy or prescribed undertaking.
We Friends of PIFFA formed a petition (which also attached for reference) require your understanding in written enabling to get our rights and received our membership certificates without any further delay.
Regarding our views / questioners & attached petition if anyone has their reservation pls do expedite without any hesitation.
We Friends of PIFFA appreciate your support & cooperation in this regard.
W/Rgds
Friends of PIFFA
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