NORDIC Delay is one of Nordic Marine’s niche tailor made insurance solutions that connect to, complete and enhance the compulsory mainstream covers.

NORDIC Delay is a fixed premium cover for shipowners’ loss of earnings due to delays arising from specific named perils that Nordic Marine provide since incorporation in 2012.

NORDIC Delay is a bespoke, stand-alone named-peril insurance covering the loss of earnings expressly excluded under the mainstream H&M and P&I policies.

NORDIC Delay responds to the initial 14 days’ delay with deductible as low as 1 day for P&I perils and 4 days for H&M perils.

NORDIC Delay is written on 100% Nordic Marine security basis and partly reinsured by A-Rated reinsurers.

NORDIC Delay is fully managed by our experienced and recognised underwriting and claims handling team.

Provides a “buy back” option for delays excluded under H&M/P&I cover during the initial 14 days’ delay and, if in place, until conventional loss of hire cover incepts

Bespoke, stand-alone tailormade named-peril insurance cover – not linked to H&M, P&I or any other policy

Fixed premium together with fixed and agreed Daily Insured Amounts (DIA)

Reward system for good performance via pragmatic individual bonuses

No hidden charges – clients know up front their final cost

Cash flow protection at primary level, allowing budget accuracy

Fully customisable around clients’ needs – e.g. : named H&M perils only / P&I perils only, etc…

Full in-house claims service – external surveyors / adjusters usually not required

Collision with another ship, striking any fixed or floating objects, stranding or grounding

Fire or explosion aboard the insured ship, her cargo, stores and/or bunkers

Damage or breakdown of or in machinery aboard the insured ship, including electrical machinery, propellers and shafts, and boilers

Single incident limit : 14 days

Usual deductible : 4 days (collisions…) and 7 days (machinery…unless otherwise agreed)

Illness, injury or death of any persons on board or of any third party where directly caused by the insured ship

Actual or alleged presence of contraband on board the insured ship, or a search on suspicion of their presence on board

Pollution by a hazardous substance emanating or alleged to emanate from the insured ship

Desertion from the insured ship

Detentions in respect of :

• A crime or an alleged crime committed on board
• Any incident involving another ship owned and / or managed by assured
• The misdescription or misdeclaration of the insured ship’s stores (but not her cargo) to an authority of the competent jurisdiction

Stowaways on board, the rescue of refugees or saving of life at sea by the insured ship

The imposition of a quarantine period on the master, officers, crew and / or passengers

Single incident limit : 7 to 10 days

Usual deductible : 1 day

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 LoH
Innovative conventional LoH insurance with a standard deductible of 7 days (Nordic Loss of Hire).

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 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 (link to PLoE-P&I page)

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).