Marine Hull
Apart from marine cargo
insurance, we also provide cover for loss or damage to ships. This would
include tugs and barges as well as pleasure crafts or yachts. The insurance is
normally arranged on “time basis” with duration of cover for twelve months.
Similar to the cargo clauses, there are several hull clauses being available
for insured’s selection.
Hull clauses do not provide “All Risks” cover but specifically state the risks being covered under these clauses for example fire or explosion; perils of sea, rivers, lakes or other navigable waters; jettison; earthquake, volcanic eruption and lightning etc. The cover also indemnifies the shipowner in respect of liability arising from collision at sea.
Hull clauses do not provide “All Risks” cover but specifically state the risks being covered under these clauses for example fire or explosion; perils of sea, rivers, lakes or other navigable waters; jettison; earthquake, volcanic eruption and lightning etc. The cover also indemnifies the shipowner in respect of liability arising from collision at sea.
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