Marine Builders Risk

This policy is an All Risk policy, the period of which can go beyond one year also based on the period of construction of the vessel. It covers the vessel under construction as well as renovation, jumboisation, conversion and repairs in the shipyard. This policy is taken by the Shipyards to cover the loss or damage to the vessel during construction right from the date of laying the keel till delivery of the vessel to the Owner including launching and sea trials.