Charterers Legal Liability

Charterers Legal Liability
Charterers Legal Liability

Charterers Legal Liability Insurance

Charterers of vessels are exposed to huge risks either directly to third parties or through contractual liabilities and indemnities

Charterers Legal Liability insurance is designed to provide coverage for the liabilities assumed by a party chartering a vessel.

The key covers provided under a Charterers Liability insurance policy are:
  • Cargo Liability
  • Pollution Liability
  • Third-Party Liability
  • Indemnification of ship owners due to
    • Bunkering Liability
    • Stevedore damage
    • Safe port non-compliance liability
    • Dangerous cargo (DG) exposures
  • Damage to vessel’s hull
  • Freight, Demurrage, Defence (FD&D) - Insurance

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