From the largest & strongest National Insurer
This policy provides cover for loss and damage to hull and machinery of ocean-going vessels and other vessels against perils of the sea or waterways including loss/damage by,
- Theft by person outside the vessel
- Earthquake, volcanic eruption or lightning
- Bursting of boilers, breakage of shafts or any latent defect in the hull & machinery
- Accidents during loading, discharging or shifting of cargo or fuel
- Negligence of master officers, crew and pilot
Cover could be arranged for Partial Loss, Total Loss or Constructive Total Loss.
Liability Insurance Covers available are;
- Ship repairers liability
- Ship builders risks
- Freight forwarders liability
- Protection and indemnity liability
Another important feature is the cover granted to containers, both reefer and general cargo containers.
- Total loss cover for fishing boats.