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