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).