What item can be covered?
- Hull
- Engines
- Other Machineries and equipment’s
What are the coverage options?
Comprehensive Cover: Coverage provided when the vessel incurs a partial damage above deductible which can be repaired and also when vessel goes totally loss.
Total Loss Cover: Coverage provided if only vessel goes totally loss. Which incidents can be covered?
- Perils of the seas
- Fire, explosion
- Violent theft by persons from outside the vessel
- Jettison
- Piracy
- Contact with land conveyance, dock or harbor equipment or installation
- Earthquake/ volcanic eruption/lightning
- Accidents in loading discharging or shifting cargo or fuel
- Loss or damage due to bursting of boilers, breakage of shafts or any latent defect in the machinery or hull
- Loss or damage due to negligence of Master Officer Crew or pilot
- Loss or damage due to contact with aircraft, helicopter or similar objects or objects falling