COFR Plus: Managing Detention, Delay, and Enforcement Risk in U.S. Waters

Today’s episode isn’t about reinventing COFR guaranty insurance. It’s about how the COFR guaranty insurance transaction itself can be enhanced to reflect the operational reality of modern U.S. trade. We’re going to unpack COFR Plus a jointly developed solution that embeds insurance, compliance, and shipboard attendance into a single framework built around the traditional COFR Guaranty. This is a technical discussion for operators, managers, insurance brokers, and compliance professionals who want fewer surprises, cleaner outcomes, and better control over enforcement-driven business disruption in U.S. waters.

Episode 45

About the contributors

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Simon Swallow- ShorelineHudson Consultant

Simon Swallow has enjoyed a maritime career initially as a Chartered Shipbroker before moving to Asia to work in Towage & Salvage. Returning to London he worked as a Lloyd’s of London Insurance broker specialising in marine liabilities, which included a focus on P&I risks. He joined an International Group l P&I insurer in 1991 remaining there until retirement in 2023. His focus was on business development Club before spending his final eight years as CEO. Simon now sits on the Non-Executive board of the Shipowners’ Mutual P&I Club. His focus has always been towards enhancing the customers experience, working closely with brokers and shipowners creating innovative ways to improve the service offering to align with the Club’s vision and mission to provide the best liability solutions to Shipowners. Simon is also a Non-Executive Director to the Board of The International Transport Intermediaries Club Ltd, a specialist insurer for professional indemnity risks.

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Captain Thomas Brown- Managing Partner | Insurance

Captain Thomas Brown leads ShorelineHudson’s insurance business, working closely with shipowners, brokers, and insurers to design practical solutions for complex regulatory and operational risk. A former Master Mariner with a background in P&I insurance, Tom brings first-hand seagoing experience together with deep market knowledge to help clients navigate global risk exposure, compliance pressures, and enforcement risk with confidence.

Known for his pragmatic approach and product-led thinking, Tom has built and scaled specialist marine insurance platforms focused on emerging risks, clarity of cover, and operational relevance ensuring insurance works as a tool for operational continuity, not just balance-sheet or regulatory protection.

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Captain Marc Smith- Managing Partner | Risk

Captain Marc Smith leads ShorelineHudson’s risk and compliance advisory services, drawing on nearly four decades of experience in commercial shipping and maritime operations. A licensed Master Mariner (Unlimited), Marc brings a practical, ship-side perspective to regulatory compliance, port state control readiness, incident prevention, and response.

Marc works closely with operators, masters, insurers, and shore teams to translate regulatory compliance into workable operational processes, helping clients respond to casualties at sea, reduce business disruption, avoid detention, and improve vessel inspection outcomes. His leadership underpins ShorelineHudson’s integrated approach, where risk management, compliance, and insurance are aligned to support safer and more predictable maritime operations.