Delay – Charterers

DELAY INSURANCE 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 H&M, P&I or 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

DOCUMENTS :

Contact Jan Limnell, Claudio Blancardi, Dan Lennhammer, Constantinos Elmaoglou or Yiannis Minovioudis directly for any delay cover related questions or through your usual broker to outline your requirements and give us the opportunity to, possibly, design our next new product.