1

Insurance LineHull & Machinery
Insurance (Time-risks)

CoverageHull & Machinery Insurance covers the assured’s economic interest (capital value) in the ship and her equipment by covering total loss, cost of damage repairs, collision liability etc.

2

Insurance LineHull War Risks Insurance

CoverageHull War Risks Insurance provides coverage for loss or damage due to war/capture/strike/piracy/etc., excluded in the Hull & Machinery Insurance policy.

3

Insurance LineLoss of Time (Hire)
Insurance

CoverageLoss of Time (Hire) Insurance indemnifies the ship owner for loss of profit or operating cost in consequence of loss or damage caused by a maritime accident.

4

Insurance LineProtection & Indemnity
Insurance

CoverageP&I Insurance covers liability assumed and expense incurred by the ship owner due to loss of life, bodily injury, and damage to cargo in respect of ship operation.

5

Insurance LinePort Risks Insurance

CoverageThis covers ships which have finished their navigation and are moored in the harbor or dockyard. Port Risks Insurance covers loss or damage to the ship rather than Hull & Machinery Insurance.

1

Insurance LineBuilders’ Risks Insurance

CoverageBuilders’ Risks Insurance covers loss or damage to shipyard’s property whilst under construction. The insured value is mainly contract value or estimated completed value of the ship.

2

Insurance LineShip Repairer’s Liability Insurance

CoverageThis insurance provides the ship repairer with cover against liability to ordering party and third party for loss or damage to the ship in the course of repair work.

3

Insurance LineShip repairs’ Risks Insurance

CoverageThis insurance covers loss or damage to the ship and repair/remodeling materials necessitated by such repair and remodeling work .

4

Insurance LineAdvance Payment Guaranty Insurance for Ship Builder

CoverageIf a building contract falls into default as a result of the bankruptcy of the shipyard, this insurance covers the advance payments which the purchaser paid previously.

1

Insurance LineCharterers’Liability Insurance

CoverageThis insurance is designed to provide a comprehensive protection & indemnity coverage for the Time-charterer and Voyage-charterer.