Main Cover
Liability Insurance
Cover under the Liability Class breaks down into three main areas; Damage to Hull, Cargo and P&I Risks.
P&I Cover
Protection & Indemnity
Cover under the Liability Class breaks down into three main areas; Liability for loss of/damage to the Chartered vessel (Damage to Hull, DTH), Liability for loss of/damage to the Cargo being carried (Cargo) and other general liability risks associated with the operation of the ship and carriage of cargo (P&I Risks).
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.
Damage to Hull
Liability for loss of/damage to the chartered vessel. A DTH (Damage to Hull) claim could arise as a result of the charterer sending the vessel to an unsafe port or berth, or as a result of damage caused by stevedores during cargo handling operations. DTH claims can also result from damage caused by the cargo itself, for example a stowage breakdown or a cargo fire.
Where a charterer is responsible for a DTH claim then he will normally also be liable for the time lost repairing any damage. There is also a risk of the charterer being liable for engine damage as a result of supplying off-spec bunkers.
Cargo
Liability for loss of/damage to the Cargo being carried. Cargo claims typically arise under a bill of lading or similar contract of carriage, or by way of indemnity to a vessel owner under the terms of a charterparty.
P&I Risks
Other general liability risks associated with the operation of the ship and carriage of cargo. P&I insurance covers the charterer against any claims arising from risks such as death or personal injury to those on board the vessel, stowaways, fines or penalties, pollution, wreck removal. These are just a few of illustrations of how a charterer can find itself legally liable under a charterparty, bill of lading or otherwise in respect of third-party claims.
Claims Management
We have been assisting and handling claims exclusively for charterers since the 1980s. Our experienced team across three offices (London, Dubai and Shanghai) knows how to proactively manage claims and disputes so that charterers’ interests are always protected. We deal with a range of claims worldwide arising from marine casualties and incidents including cargo claims, unsafe port disputes, bunker quality issues and charterparty freight and demurrage claims and disputes.
The Charterers P&I Club has a global network of P&I correspondents that can assist our assureds in dealing with any claim or casualty. We have access to surveyors and maritime experts and professionals, who can be called upon when required depending on the nature of the matter. By way of illustration this could involve instructing an expert specialising in the carriage of a particular commodity or a fire expert who could advise as to the possible cause of a fire on board the vessel.
