Salvage from the damaged Devon Ship

Fair game or stealing?

21 to 28 of 28 messages
23/01/2007 at 14:02
"Dont know what all the fuss is about! Its all insured."

I'll remind you about that when you complain because your house/car insurance has gone up because the insurance companies have had to pay out on the stolen stuff.
23/01/2007 at 14:06
The VIN is a worldwide registration number and if it is registered anywhere it should flag up as to where it came from. But it could assume the identity of written off bike or end up as parts.
JPenno    pirate
23/01/2007 at 14:06
Not sure it is all insured and the excess payable by some companies will be substantial, all of which is then passed onto future customers, as is the increased insurance.

If each containe has £100,000.00 worth of goods inside and there are 1000 containers on board then this is a considerable sum that will have to be recouped by the insurers and manufacturers. I know not all have been lost but with the listing and salvage operation most of the goods wil not sell for full market value. The likely cost of this accident (not including the environmental issues) is Millions all of which will be passed onto us in one way or another.
23/01/2007 at 14:08
Had to laugh yesterday. Interview with the person in charge of the salvage/rescue operation was asked by a "Today" presenter "what if the ship sinks?"
his reply was that it already has.
23/01/2007 at 14:46
It's not just company goods that are in these containers though, there are some which are being transported for individuals containing all their household goods/furniture and personal items. Imagine how they must be feeling if their stuff has been rifled through and/or stolen, especially stuff of sentimental value.

I think these eejits are all thieving lowlife!
23/01/2007 at 15:59
Agree Stumpy. It must be obvious if you have opened up someones personal possessions. Actually at that point the safest thing is to take the lot of the beach and keep it safe for them.

It does look like a giant rubbish dump now which it wouldn't have done. Indeed more environmental damage from the looters than the initial accident.

Interesting that almost every part you could want for a BMW is on that beach (including an electric steering wheel - whatever that is !) but no spare indicators.

I guess there is just no call for BMW indicators :-)
23/01/2007 at 17:00
Where does the money coem from that pays for insurance?

Obviously we pay our premiums, and some of that money is used to pay immediate claims. The rest is comes from investment capital from investors who expect a share of the profits the insurance companies make. One of the biggest sources of this investment is our pension funds. When insurers pay out big time we are by a double whammy: our premiums go up, and our pensions go down.

Victimless crime? I don't think so.

23/01/2007 at 17:00
Oh, and lol the BMW indicators!

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