Main Cover
Bunkers
We are able to provide an additional cover in respect of lost bunkers to assureds of The Charterers Club.
Bunkers
Cover for loss of bunkers on board the insured vessel
An assured may have an insurable interest in the bunkers or fuel oil supplied or purchased for an insured vessel when chartered under a time charter trip or period time charter basis. The bunkers are the property of the assured so would not be covered for physical loss or shortage under the third-party liability policy and therefore separate cover should be considered.
We can provide limits up to USD 2 million for loss of bunkers following a collision, grounding or sinking on an all-risks basis with a specialised wording.
Up to USD 500 Million
Liability Cover
We can provide a limit of liability up to USD 500 million for P&I cover.
The deductible and policy terms are structured to suit the charterer’s individual needs.
Claims types covered
- Liability to cargo interests because the cargo has been loaded on deck against an under-deck bill of lading.
- Liability to cargo interests where the chartered vessel has to undergo dry docking or repairs with cargo on board.
- Liability to cargo interests where the cargo has to be offloaded and reloaded onto the insured vessel for other cargo to be worked on.
- Liability arising from the cargo being carried beyond the named port of delivery.
- Liability to cargo interests by reason of a geographical deviation.
- Liability arising from the cargo being offloaded prior to delivery and carried by another vessel.
Claims Management
We have an experienced claims team who are used to dealing with matters arising out of complex maritime transportation contracts. These range from dealing with cargo issues under bill of lading and charterparties to claims for damage to the vessel due to the alleged unsafety of the port or berth.
Three Hubs, One Team
The London office hosts our main underwriting, claims and finance functions, while we have separate claims teams in Shanghai and Dubai. The geographical spread of our hubs and our network of global correspondents ensures we can provide assistance to any client, anywhere, anytime.
