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 Air & Sea Insurance has spent many years developing reliable
markets to accommodate your insuring needs.
Even though major P&I
Clubs, London Underwriters and Lloyds Brokers have been an
important part of our success, we also correspond with
alternative insurance markets to ensure that we can respond
to the growing needs of our clients with innovative
solutions for all types of cargo and vessels; from large
general cargo ships and tankers to smaller crafts such as
tugs, barges, supply boats, mega yachts, specialized ships,
oil platforms, etc.
INSURANCE PRODUCTS
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Cargo Insurance:
Provides coverage for loss or damage to goods while in
transit by any means of transportation. Coverage can be as
broad as ALL RISKS including cover for General Average, War
& Strikes. Conditions can be extended to cover warehouse
exposures and local cargo movements.
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Hull & Machinery: This
insurance is designed for commercial vessels (general cargo
ships, tankers, fishing boats, crew boats, tugs, barges,
yachts, etc.) covering physical damages to or loss of the
insured vessel.
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Hull & Machinery (H&M)
War & Strikes Insurance: It extends H&M coverage for war and
strikes risks.
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Protection & Indemnity (P&I) Insurance: P&I Club entries
cover liabilities arising from loss or damages to other
vessels, cargoes, third party properties, persons, fixed and
floating objects; crew claims, pollution, wreck removal
liabilities, fines, penalties, proportion of General Average
in respect of bunkers or freight, etc. This is a
reimbursement type of coverage.
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Protection & Indemnity (P&I) War & Strikes risks: It extends
the P&I cover for war and strikes exposures.
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Freight, Demurrage & Defence (FD&D): It is designed to
reimburse for Legal Costs incurred while dealing with hire,
freight and dead-freight disputes; general average
situation; detentions; demurrage; breach of Charter Party,
Bill of Lading or other contracts; disputes of quality of
bunker supplied; improper loading, stowage or discharge of
cargo; speed and consumption, etc.
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U.S. Pollution Liabilities Insurance: It covers U.S. water
pollution exposures under the Oil Pollution Act (OPA) 1990.
It is required by the US Coast Guards prior to entering the
US territorial waters. This insurance supports the filing
for the COFR (Certificate of Financial Responsibility).
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Charterers Liability Insurance to cover liabilities arising
from loss of or damages to the chartered vessel, her cargo,
oil pollution, third party properties, death or personal
injury, fines, wreck liabilities, towage expenses, etc.
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Pollution & Wreck Removal Insurance to satisfy both the CLC
(Civil Liability Convention) applicable to tankers carrying
more than 2,000 MT of persistent oil, and the 2001 Bunker
Convention Blue Cards for all ships of 1,000 GRT & above.
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Terminal Operators
Liability: Provides coverage for claims arising from damages
or losses to third parties, cargoes and property under the
care, custody and control of the terminal or port
facilities.
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Ship Builders/Repairers
Liability: Provides coverage for claims arising from damages
or losses to third parties, vessels and Property under the
care, custody and control of the yard facilities.
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Equipment Floater
Insurance: Provides coverage for physical damage and loss to
mobile equipment, heavy machinery, lifting gear, tools,
materials, supplies, etc.
For
other specialty insurance products not mentioned herein,
please contact Air & Sea Insurance for assistance |
