Available Plans

• Insurance of Ship Hulls
  This insurance covers loss or damage to the ship’s hull or related machinery and equipment, whether resulting from operational incidents or unforeseen marine accidents. This includes the main hull, engines, boilers, electrical systems, and other essential ship equipment.
  

  Scope of Coverage:

  Coverage is subject to the general terms and conditions of marine insurance policies, usually for a specified term (typically 12 months), with variations depending on the ship’s type and nature, and the insurance conditions applied.
  

  Available Coverage Types:

  • Hull Insurance Conditions: Comprehensive coverage for ship hulls and associated machinery.
  • Machinery Insurance Conditions (excluding hull): Coverage for machinery only, excluding the hull.
  • Total Loss Insurance Conditions: Coverage in case of total loss only.
  • Yacht Insurance Conditions: Covers sea trials, boats, and onboard equipment (excluding losses from marine racing).
  • Voyage Insurance Conditions: Covers specific journeys such as delivery, trips from the shipyard, or post-repair voyages.
  These plans are carefully designed to suit various types of marine transport and levels of risk depending on the ship type.
• Insurance for Shipbuilding Risks
  This insurance protects against losses or damages that the ship may incur during the construction phase, up to final delivery. It covers common risks such as fire, explosion, sinking, or collision during construction, as well as technical defects affecting the hull or equipment.
  Insurance value is based on the contract price or estimated construction cost and continues to cover the vessel until the official delivery to the owner. This coverage is especially important for shipbuilders and marine sector investors to ensure project continuity and reduce potential losses.
• Insurance of Marine Cargo
  This type of insurance protects the transported goods from various risks that may occur during shipment, whether at the local or international level.
  It covers fundamental elements such as the stability of supply chains and the protection of commercial interests.
  

  Scope of Coverage:

  The coverage applies to each shipment from the point of departure until its arrival at the final destination, without a fixed time frame. It depends on the contractual terms between the seller and buyer, based on agreed contract conditions such as Incoterms.
  

  Types of Coverage:

  • Category C: Covers damages from fire, explosion, sinking, or grounding, plus average general sacrifices and removal of damaged cargo to preserve the vessel’s safety.
  • Category B: Includes Category C plus additional natural hazards such as earthquakes, volcanic eruptions, and lightning, as well as losses related to container loss or unloading.
  • Category A: Provides comprehensive coverage for all risks, except for delays, inherent vice, and other specifically excluded hazards.
  

  Types of Policies:

  • Single Shipment Policy: Issued for each individual shipment upon client request, valid for a specified period.
  • Open Policy (Continuous Insurance): Provides ongoing coverage for multiple shipments within an agreed period, offering broad protection for specified goods under defined terms until cancellation or modification.