Marine Insurance

ABOUT MARINE INSURANCE

Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which the property is transferred, acquired, or held between the points of origin and the final destination. When goods are transported by mail or courier, shipping insurance is used instead.

P&I Insurance

P&I- Protection and Indemnity insurance or “P&I” as it is usually called, is a ship owner’s in P&I Insurance cover for legal liabilities to third parties. “Third parties” are any person, apart from the ship-owner himself, who may have a legal or contractual claim against the ship. P&I insurance is usually arranged by entering the ship in a mutual insurance association, usually referred to as a “club”. P&I covers for illness, injury or loss of third parties, pollution damage to third party property, GA, wreck removal, etc. We deal with International Clubs, namely American Club, London Club, West of England Club, North of England Club, Skuld and Lodestar.

Charterers Liability

Charterers Liability/Damage to Hull covers hull damages as consequences of stevedore damage, unsafe port/berth, off-spec bunkers and stowage. It also covers for time lost in repairing the vessel. We deal with various international senior underwriter to offer competitive coverage.

Hull & Machinery insurance

H&M- Hull & Machinery insurance is fundamental protection of a vessel against damage. The vessel, including her machinery and equipment, is insured to her full value and, depending on the chosen cover, the following risks may be indemnified:

Total loss (actual or constructive) or expenses that might be incurred in repairing/replacing damaged parts of the hull, machinery and other equipment
Expenses paid for prevention, minimising of damages or calculation of loss, in case such expenses are caused by an insured peril
Vessel gone missing
General Average contribution
Salvage expenses

Cargo Liability

Cargo Liability– covers for cargo damage: shortage, etc. claimed under the Charter Party. (e.g. receiver claims owners for damage or shortage under a B/L issued by owners; owners claim charterers under Charter Party terms). This covers only claims arising during loading, sea voyage and discharge. Pre- and onward carriage may also be covered, but would need a connect with our underwriters for the possibilities;
We are an established company with an excellent track record for the best in customer satisfaction along with an efficient team providing services that identifies and assesses your risks and implement solutions for you along with plans to mitigate these risks at competent prices

We work with established Lloyd’s Underwriters internationally as well as Insurers within India offering solutions and policies based both Internationally as well as in India.