Vessel search

We provide two following Loss of Hire insurances:

  • Loss of Hire insurance for ship owners covers loss of income following a physical damage to the vessel,
    recoverable from the underlying hull & machinery cover. This enables ship owners to protect their cash flow
    in the event of an accident. It covers loss of income caused by following accidents:

    • Physical obstruction which prevents the ship from leaving any limited area
    • Salvage
    • General Average events
    • Grounding
    • Removal from the ship of damaged cargo
  • Loss of Hire insurance for time charterers covers loss of hire following a seizure of the vessel by pirates