Main Cover
Freight At Risk
We are able to provide an additional cover in respect of freight at risk to assureds of The Charterers Club.
Freight At Risk
Cover for freight at risk
A charterer may agree payment terms for freight to be received after the vessel has sailed or even on the vessel’s arrival at the discharge port. In such cases the charterer has an insurable interest in the freight at risk that they expect to earn, which may not be paid by the shipper following a casualty or the total loss of the chartered ship.
We can provide cover for the freight at risk with a limit of up to USD 2.5 million of cover.
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.
