Marine

CHARTERERS LIABILITY

This coverage provides insurance for a time charterer, voyage charterer, a charterer in partnership or space charterer in relation to a charter party of an insured vessel.   Under usual clauses the policy would cover :   – Physical loss of or damage to the vessel   – Demurrage, detention and loss of use of the vessel following physical damage   – Contribution to general average, salvage, salvage charges, and/or sue and labor expenses in respect of owner’s interest as Charterer in hire, freight and/or bunkers.   – Physical loss of or damage to the vessel as a consequence of war or strikes activities.