NORDIC 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
Nordic Marine also provide :
- NORDIC Hull
Comprehensive H&M, LoH, IV and FI insurance, solely on follow basis, via an MGA setup backed by A-rated capacity and managed by Nordic Marine’s experienced and recognised underwriting and claims handling team (NORDIC Hull). - NORDIC PLoE-H&M
A unique standalone policy that covers delays that are or would be covered under an Assured’s mainstream H&M policy, up to 14 days, i.e. : the usual minimum deductible for conventional LoH (Nordic PLoE-H&M). NORDIC LoH
Innovative conventional LoH insurance with a standard deductible of 7 days (Nordic Loss of Hire)
NORDIC PLoE-P&I
A unique standalone policy that covers delays that are or would be covered under an Assured’s mainstream P&I policy. Cover for 7 days with a deductible as low as 1 day (NORDIC PLoE-P&I).NORDIC Delay
Bespoke and stand-alone named-peril insurance that provides a “buy back” option for delays expressly excluded under the mainstream H&M and P&I policies and with deductible as low as 1 day (Nordic Delay for Owners).NORDIC Maritime Lien
Maritime Lien insurance for Charterers’ Debts, ideal for Pool managers that bear the consequences of chartering choices.
Maritime Lien for Bareboat Charterers’ Debts, a unique standalone policy launched in 2024 and solely provided by Nordic Marine (Nordic Maritime Liens).
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.