Insurance Arrangements

Insurance Arrangements

Marine insurance is extremely important element of successful exploitation of any shipping asset and it is a direct responsibility of the Managers to provide their clients, owners of the vessels, with the various types of insurances covering all spheres of vessel’s trading.

We has extensive experience in arrangement of marine insurance covers from usual insurance such as Protection and Indemnity risks (“P&I”), Hull and Machinery marine risks (“H&M”), War risks, Freight, Demurrage and Defence insurance (“FD&D”), Kidnap and Ransom Insurance (“K&R”) to protect vessels passing through the Gulf of Aden and other piracy risk areas as well as various types of covers for Loss of Hire risks.

In the sphere of P&I insurance arrangements we are closely cooperating with members of International Group of P&I Clubs, - West Of England Insurance Services (Luxemburg) S.A. and SKULD P&I, that also provides us with a fixed premium cover in line with its own Terms and Conditions.

In cooperation with our partners we ensure effective claims handling, responding immediately to owners when in need of assistance or service, assisting and completing their claims, using the Club’s loss prevention programes, provide technical and operational advice to owners and crew etc.