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.
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
- 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– 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.