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1)
Cargo Insurance: It provides coverage for loss of or damage
to goods or products in transit in any means of
transportation. It can be extended to cover your inventory
in a warehouse, or simply during the whole duration of the
voyage.
2) Hull & Machinery Insurance 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.
3) Hull & Machinery (H&M) War & Strikes
Insurance. It extends coverage for war and strikes risks.
4) Protection & Indemnity (P&I) Insurance
to 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.
5) Protection & Indemnity (P&I) Insurance
War & Strikes risks. It extends the P&I cover for war and
strikes exposures.
6) Freight, Demurrage & Defence (FD&D) –
Legal Costs dealing with hire, freight and dead-freight
disputes; general average; detention; 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.
7) U.S. Pollution
Liabilities Insurance to cover U.S. waters exposure under
the Oil Pollution Act (OPA) 1990. It is required by the US
Coast Guards prior to entering the US waters to file for the
COFR (Certificate of Financial Responsibility).
8) 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.
9) Pollution &
Wreck Removal Insurance to satisfy both the CLC (Civil
Liability Convention) and the Bunker Convention – Blue
Cards.
10) Terminal
Operators’ Liability: It provides coverage against claims
for damages to or losses of cargoes under the care, custody
and control of the Terminal or Port areas. |