DELAY – CHARTERERS

PRIMARY LAYER LOSS OF EARNINGS FOR CHARTERERS & SPOT MARKET OPERATORS

Cover for ship charterers’ or operators’ losses due to delay arising from events caused by specific shoreside named perils.

TIME CHARTERERS operating vessels on their own trade or on voyage charter basis,

and

OWNERS operating vessels on their own trade, or on spot market trade are exposed to loss of earnings for delays caused by onshore perils.

KEY FEATURES

  • Provides cover during the initial delay period
  • Bespoke, stand-alone insurance cover – not linked to any other policy
  • Cover for short term charterers available as an open cover facility
  • Fixed premium together with  fixed and agreed Daily Insured Amounts (DIA)
  • Provides cash flow protection at primary level – budget accuracy
  • Reward system benefits good operators with individual performance bonuses
  • Fully customisable around clients’ needs
  • “Sleep easy” policy – time and cost efficient
  • Full in-house claims service – external surveyors/adjusters usually not required.