Marine

We arrange coverage on a variety of International Clauses including Institute Clauses, Norwegian Plan, German French and Danish conditions covering:

• Physical loss or damage to the vessel
• Total or Constructive Total Loss
• Increased Value
• Freight Interest
• Purchasers Interest
• Mortgages Interest, covering banks or other financial organisations
• War Risks, including piracy and crew War and other P&I perils
• Innocent Owners Insurance

All policies are tailored to meet your individual requirements.

• Protection and Indemnity Ship Owner's Liabilities (cargo, crew, collision, pollution, removal of wreck)
• Freight, Demurrage & Defence
• Charterer's Liabilities including damage to vessel and legal costs
• Contractual Liabilities
• Professional Indemnity/Director's and Officers Liability
• Excess Liabilities
• Certificates of Financial Responsibility (COFR's)
• Ship Repairer's
• Marine General Liability

Our markets have supported us in playing a key role in the development of Loss of Earnings and delay risks both for Ship Owners and for Ports and Terminal Operators. The risks covered can arise from terrestrial, airborne or seaborne exposures including political risks.

Exposures covered include:

• Full Loss of Hire perils insured by various wordings including Norwegian Plan, the ABS wording, the Lazard Form, French, German, Danish and Dutch conditions
• Strikes, closure of port or disruption causing an insured vessel to be delayed
• Crew Strikes
• Weather exposures such as wind, lightening, tempest
• Earthquake, volcanic eruption, tidal wave
• Closure of borders for political reasons
• High or low water or physical obstruction of ports, terminals, berths or waterways
• Pollution, infestation and quarantine
• Collision, stranding and grounding of vessels
• Stowaways or drugs on board vessels
• Fire
• Kidnap & Ransom

We have specific variable products available for ports and terminals.

Coverage is provided for the following risks:

• Liabilities
• Third Party bodily death/injury
• Third Party Property Damage and consequential loss
• Damage to Vessel
• Contractual Liability
• Removal of Wreck/Debris
• Fines and Penalties
• Wrongful delivery of cargo
• Property Damage (All Risks)
• Damage to equipment - owned, hired or leased
• Piers, wharfs and jetties
• Warehouses
• Business interruption
• Hull & machinery, including P&I
• Pilots & pilotage

We can also arrange multi-year policies, direct or reinsurance.

The movement of Cargo, by air, sea or land has a long and diverse history and has been a constantly changing risk as international borders, politics, conflict and the environment evolve.

We understand the nature of the risk and of the global market and retain the ability to offer bespoke cover to meet our clients needs.

We have established relationships with underwriters in most major markets and this provides us with the ability to offer you a comprehensive package that matches your exact needs at competitive rates.

These are the main areas that we cover:

• Physical loss/damage to the cargo itself - cover for goods sent by any form of transit Consequential loss
• Cover against war including war on land, strikes, riots and civil commotions
• Political Risks
• Cash in Transit
• Confiscation or deprivation of goods
• Rejection on foodstuffs
• Precious metals
• Project cargo and marine delay in start up
• Container Insurance providing coverage against physical loss or damage and liability
• Expropriation and Nationalization
• Stock Throughput
• Leakage/shortage/contamination
• Trade Disruption Insurance
• Storage
• Tows
• Fine art and exhibition risks

We also have special schemes available for war and terrorism exposures on land in conflict zones. We are able to arrange multi-year policies, direct or reinsurance.

We have an in depth understanding in all aspects of Political Risk Exposures from Marine War Risks to Refund Guarantee Insurances to covering advance payments for ship building contracts.

We are able to offer insurance on these exposures are detailed below:

• Marine War Risks (including Terrorism and Piracy)
• War on Land
• Terrorism on land
• Refund Guarantees and Credit Risks
• Confiscation, Nationalization and Deprivation
• Third Party Blockade and Embargo preventing the export of goods
• Kidnap and Ransom

As the search for new oil and gas deposits enters into deeper and more inaccessible waters the cost of this exploration increases. We are able to provide cover for all sub sea or over the side equipment including:

• R.O.V’s
• Seismic streamers

• Mortgages Interest
• Kidnap and Ransom
• Strike Risks and Confiscation