Any loss or damage to ships tankers bulk carriers smaller vessels fishing boats and sailing vessels.
We Cover
Any loss or damage to ships tankers bulk carriers smaller vessels fishing boats and sailing vessels.
Who can Insure ?
Owners or bankers of ships or vessels.
What is Insured ?
The various vessels that are covered under this policy are :
Fishing Vessels
Ocean Going Vessels.
Sailing Vessels.
Other Vessels .
Insured against what Risks ?
The policy covers loss/damage to the property insured due to:
Fire or explosion; stranding sinking etc.
Overturning derailment ( of land conveyance).
Collision.
General average sacrifice salvage charges.
What is not Insured ?
The policy does not pay any loss/damage caused by attributable to due to
Deliberate damage/destruction of the vessel by wrongful act of any person
Use of any weapon of war employing atomic / nuclear fission and or fusion
Insolvency or financial default of the vessel owner / operators / charterers.
War / civil war Strike Riot or Civil Commotion.
Any terrorist or person/s acting with political motive.