Hull & Machinery covers the vessel, the machinery and the equipment.

In addition, it also covers collision liability for material damage with other vessels, and/or fixed and floating objects. This insurance does not cover war and strike risks.

Conditions: Nordic Marine Insurance Plan 2013 (version 2023) – NMIP (part 2, chapter 10-13)

Part 1, chapter 2, section 2, clause 2.8.

Trading Areas (Clause 3-15)

Trading Areas (Clause 17-3)

Trading Areas (appendix to clause 3-15)

Trading Areas (appendix to clause 3-15 and clause 17-3)

Hull interest covers the economic interest which the ship owner has in his vessel beyond the sum insured on the hull and machinery policy. This insurance allows a sum insured up to 25% of the hull and machinery sum insured. The insurance is valid for total loss and will be paid only following a total loss payment on the hull and machinery policy.

Hull interest insurance (Clause 14-1)

Freight interest covers the long term freight income for the ship owner. This insurance allows a sum insured up to 25% of the hull and machinery sum insured. The insurance is valid for total loss and will be paid only following a total loss payment on the hull and machinery policy.

Freight interest insurance (Clause 14-2)

This insurance is a mirror of the hull and machinery conditions but covers the war and strikes risks which are excluded in the hull and machinery insurance.

War risks (Part 1, chapter 2, section 2, clause 2.9.)

War risks (Part 3, chapter 15)

The loss of hire insurance covers the loss of income for the ship owner or charterer, if the vessel goes off hire following a partial claim covered under the hull and machinery policy.

Loss of hire insurance (Chapter 16)

The catch and equipment insurance covers the catch and the fishing gear, stores and packing material on board the vessel.

Catch and equipment insurance (Chapter 17, section 4)

Protection and indemnity insurance covers broadly spoken all liability which is not covered under the hull and machinery insurance for instance loss of life, personal injury, property damage, removal of wreck and other third party liability, for instance pollution.

For full extent of cover please see conditions given by a member of the IG of P & I Clubs, or by a fixed premium P & I facility.

This insurance covers part 4, chapter 19, section 2, clause 19.9 / ref. 10.1

Builders’ risks insurance (Chapter 19)

• Mortgagees interests and additional perils
• Shipyards and related risks
• Towage risks, port risks, voyage risks, lay up risks
• Heavy weight transport risks
• Other tailor made marine insurances