Hull & Machinery Insurance

 

Scope of cover includes:

  • total loss (actual or constructive) of the vessel;
  • damage to hull, machinery, equipment and everything connected therewith;
  • general average;
  • salvage, salvage charges;
  • charges properly and reasonably incurred for the purposes of averting or minimizing a loss (Sue & Labour);
  • collision defence or attack costs;
  • dry docking expenses to survey underwater part of the hull after grounding or stranding even if no damages were found.
 

Protection & Indemnity Insurance

Insurance is provided to cover following liabilities:

  • liability to persons other than crew;
  • collision with other ships;
  • loss or damage to property of third persons;
  • pollution;
  • wreck removal;
  • loss or damage to cargo or towed object;
  • towage liability;
  • quarantine expenses;
  • general average and salvage;
  • loss or damage to property on the insured vessel;
  • special compensation to salvors;
  • fines;
  • sue and labour and legal costs;
  • liability of salvage operations;
  • liability performing hidrotechnical operations;
  • liability of time-charterer.
 

Shiowner's Crew Liability Insurance

Insurance is provided to cover compensation in case of:

  • accidental death;
  • permanent total disablement (in accordance with Continental Scale of Benefits);
  • temporary total disablement.


In case of accident or illness of crew member the following expenses are payable:

  • medical expenses;
  • repatriation costs;
  • replacement and rearrangement expenses;
  • deviation costs.
 
Kidnap and Ransom

 

Scope of cover includes:

  • Ransom - cash, goods or services surrendered to meet a kidnap or extortion demand;
  • Ransom in Transit - loss in transit of the ransom by destruction, disappearance, theft or seizure;
  • Legal costs - damages, defence expenses and other costs;
  • Additional expenses - public relations experts, interpreters, travel and accommodation, psychiatric, medical and dental care, legal advice, rewards, advertising, 100% of victim's gross salary, interest on loans, communications equipment, forensic analysis, rest and rehabilitation costs, cosmetic and plastic surgery, personal financial loss, all other reasonable costs resulting from an insured incident;
  • Response consultants - the fees and expenses of response consultants.;
  • Personal accident - death, injury or mutilation that arises as a result of an insured incident.

Personal Accident can be included with benefits for death, loss of limb/sight, permanent total disablement, loss of extermity.

Limits from 1 mln USD up to 15 mln USD.