Marine insurance is an activity we have been engaged with from the very beginning. Nowadays marine insurance is our core business, so we provide a wide range of marine insurance services, namely:
Hull and Machinery (H&M)
H&M is one of the insurance covers most frequently purchased by owners and operators of sea and river vessels. It protects shipowners from financial loss arisen due to physical damage to the hull of the vessel and its machinery . We provide our customers with the most convenient solution for H&M cover, based on the customer's needs, demands of the banks and/or experience and our experience. Taking into consideration the numerous factors such as : the vessel's (or fleet) particulars (characteristics), most convenient conditions (ITC,Norwegian Plan, ADS, DTV and etc), necessary underwriters' international rating, claim handling, rates and others, we provide the assured with the optimal cover. It means we act as a broker for the owner's insurance manager, in order to provide the reliable security and minimize the cost of the insurance.
Upon the request of the client, we can provide the following cover as an addition to standard H&M insurance:
- Loss of Hire
- War / terrorism
- Increased value
- Mortgagees Interests
- Builder's Risks, Repair Risk, Special Voyage Risks –for demolition, tows and etc.
Liability insurance. (P&I)
Protection and Indemnity ( P&I) insurance provides the essential cover for every vessel from a pleasure craft to an ocean-going tanker. It is financial protection of the owner from claims given by third parties while trading of a vessel
We provide ship owners with P & I coverage by fixed premium Insurers, as well as by mutual club coverage, dependant on the client's requirements and wishes.
Standart cover includes: protection of the crew, third parties, cargo liability, Wreck removal, Pollution liability and Collision liability if not included in H&M cover. Upon the wishes and needs of the client the list can be reduced or widen.
All necessary Blue cards are provided by Underwriters upon requests.
In respect to the required limits and specific demands we find optimal solutions for our customers. Additionally; Freight, Demurrage & Defence (FDD insurance) and Charter liabilities can be provided.