For Ship Charterers

We offer covers for legal or contractual liabilities arising out of chartering vessels,
and financial losses e.g. for defending claims, due to different types of delay or loss of bunkers.
Please see below our specialized covers:

Charterer’s Liability Insurance (CLI)

The Charterer’s Liability Insurance covers the vessel charterer’s legal and contractual obligations towards the vessel owner in accordance with the charter party. It responds as well to legal liabilities against third parties. The scope of cover maybe extended or reduced e.g. for legal liabilities as cargo owners as needed.

Freight, Demurrage and Defense (FD&D) Insurance

FD&D insurance covers legal and other costs incurred by shipowners, managers or charterers in establishing and defending claims which arise out of an event occurring during the period of insurance/entry. This insurance is usually combined with P&I or Charterer’s Liability cover.

Loss of Interest (LOI) Insurance

The LoI Insurance covers the financial loss for bunkers, hire, freight or commission in case of a total loss of a vessel. The Assured may be the owner, charterer or broker of the vessel respectively.

Trading Delay (TD) Insurance

This insurance covers the loss of gross earnings and delay caused by shore or ship side perils as e.g. port and crew strikes, earthquake or by order of authorities like confiscation.

Loss of Hire (LOH) Insurance - Piracy

This special Piracy LOH insurance reimburses the loss of income or finances the hire payment after the vessel being hijacked by pirates.

SOL Cover

SOL cover

SOL insurance responds to legal liabilities resulting e.g. from ante-dated Bs/L or cargo loaded on deck with an under deck B/L. This goes only for claims that are not covered by the P&I or CLI.

Cyber Crime

The Cyber Crime cover is a combination of a commercial crime (or fidelity) and a cyber insurance. This policy covers financial losses due to theft, social engineering, extortion demands and the use of ransomware, network compromise as well as data breach. And costs incurred on defence and in mitigiation of loss are reimbursed.

Other

You haven’t found a solution for your situation or the cover you were looking for? We are happy to discuss your needs and arrange the cover you require in one of the several markets we have access to. Amongst others, we can offer Cyber Risks and Crime insurances.

To find out more about an insurance services or send an inquiry, please contact us.