Charterers Comprehensive Cover
In the shipping industry, Charterers play a very important role, but sometimes encounter more difficulties than shipowners when dealing with accidents or incidents. A shipowner is able to communicate directly with the Master and crew, and obtain first-hand information about the nature and extent of the accidents or incidents, while a charterer is often in lack of such sources of information, although the charterer’s liabilities are no less than the shipowner’s, which include contractual liabilities to shipowners and cargo owners as well as possible non-contractual liabilities to third parties.
To assist Charterers, the Association’s Charterers Comprehensive Cover provides a worldwide network to gather information extensively and profoundly so as to assess the situation and offers claims service through the Association’s experienced team.
Scope of Cover
1. Member liability in his capacity as charterer in respect of risks set out in Rule 3, to indemnify the owner or disponent owner of the entered ship.
2. Charterers Liability, together with costs and expenses incidental thereto, for loss of or damage to the entered ship.
3. The loss incurred by the charterer as a result of loss of or damage to bunkers, fuel or other property of the charterer on board the entered ship.
Covers will be offered to charterers of ships on T/C, TCT and V/C basis.
The FDD & TCL Department is a team of reputable, dedicated and knowledgeable marine insurance and English law professionals, proud of delivering high quality insurance products and advisory services to companies that charter vessels to carry cargo by sea. Based on the Association’s worldwide network of both correspondents and lawyers, and the international first-class reinsurance support, we are committed to providing our professional service on a 24/7 basis year round.