Insurance
This
insurance, usually referred to as "P&I," provides cover to
shipowners, operators, and charterers for third-party liabilities encountered
in the commercial operation of entered vessels. The main risks covered are
liabilities, expenses, and costs for:
- Loss of
life, injury and illness of crew, passengers and other persons
- Cargo
loss, shortage or damage
- Collision
- Damage
to docks, buoys and other fixed and floating objects
- Wreck
removal
- Pollution
- Fines
and penalties
- Mutiny
and misconduct by crew
- Crew
repatriation and substitution
- Damage
to property on board the insured vessel
- Quarantine
- Vessel
Diversion Expenses
- Unrecoverable
General Average contributions
- Vessel's
proportion of General Average
P&I cover is designed to complement a vessel's hull and machinery insurance
and related covers. It is distinguished from ordinary marine insurance in that
it is based on the not-for-profit principle of mutuality where members of the
club are both the insurers and the insureds. As a consequence, the scope of
cover offered by P&I insurance is unsurpassed in its reach and
cost-effectiveness.Leadsmar is handling insurance matters through it’s partner
companies.We provide service to our customers 7/24 for following matters ;
- Protection
and Indemnity Insurance (3rd party liability for shipowners)
- Freight
Defence and Demurrage (legal assistance to shipowners)
- Time
Charterer's P&I and F.D&D. Liability insurance
- Certificates
of Financial Responsibility (COFR) in respect of Water Pollution
Liabilities
- Cargo
in transit Insurance
- P&I
Crew Risks
- Hull
& Machinery Insurance for ocean going vessels
- Hull
Interests, i.e. Increased Value and Freight
- War
& Piracy risks
- Kidnap
and Ransom
- Loss of
Hire
- Strike
Insurance
- SOL
(Shipowners Liability Insurance)
- Cruise
Cancellation insurance (including terrorism)
- Liability
covering Marina Operators, Stevedores Terminal Operators and Port
Authorities.
- Insurance
of NVOCC operators, Freight Forwarders, etc.
- Ships Cash, Concessionaires, Personal Accident Insurance etc.