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World Wide Piracy and Loss of hire cover

 


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We can place cover up to US$10 million any one accident or occurrence and in the aggregate per insured.

Insured can be any where in the world BUT subject to certain term and conditions.

Each vessel is deemed to be a separate policy.

Cover is offered on two structures:

1. Full Hull and Machinery Cover including War, Piracy and Loss of Hire arising from them or

2. War and/or Piracy and/or Loss of hire arising from  on a difference in conditions cover i.e. where these maybe an exclusion and current underwriters are unable or unwilling to offer these perils on top of the standard marine cover our underwriters will offer the cover on a stand alone basis.

Exclusions are Chemical, Biological Radioactive and Nuclear Terrorism (CL 370 10/11/2003) and

Cyber Terrorism CL 380 10/11/2003.

Piracy is defined as the following acts:


   1. any illegal acts of violence or detention or any act of depredation, committed for private ends by the crew or passengers of a private ship and directed: on the high seas, against another ship or against persons,or property on board such ship.
   2. any act of voluntary participation in the operation of a ship with the knowledge of facts making it a pirate ship.
   3. any act inciting or of intentionally deviating towards countries or places, or any waters described in the current list of areas to be provided...

This could be a stand alone policy or should you require a full quotation we will endeavour to obtain a full quotation.

Date Posted: 2009-03-03
Posted By: CARL GREAVES INSURANCE BROKERS (PTY) LTD
Listed under these Business Listing Categories: Financial services, Business services & consultants,

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