Charterers' Cover | Our Services

CHARTERERS’ COVER

CHARTERERS’ P&I, DAMAGE TO HULL (DTH) AND FREIGHT, DEMURRAGE AND DEFENCE (FD&D)

In respect of liability to seamen, damage to property, removal of wreck and many others, the Club provides cover on the basis of a combined single limit of up to USD 750 million or EUR 750 million. However, where needed, we are able to offer more comprehensive third party liability cover. We can arrange this cover either as a standard extension or on bespoke terms.

MULTIMODAL LIABILITIES

CHARTERERS’ LIABILITY FOR DAMAGE TO HULL

Cover falls into three broad subheadings; Liabilities to owners, Member’s own interests and Member’s costs, fees and expenses.

Extensions of and/or additions to cover may be available to Members for through transit liability, extended through transit liability, consortium and/or slot charterers’ liabilities, extended cargo liability and containers and container liability.

CHARTERERS’ FD&D COVER

Covers legal costs and expenses arising out of a variety of disputes in which a Charterer may be involved. This cover does not form part of the Charterers’ CSL but is a valuable adjunct to it, covering such matters as disputes with owners, port authorities and bunker suppliers.

The standard FD&D product covers two-thirds of all costs and expenses incurred in any FD&D dispute with the Member bearing only one-third. There is no initial deductible payable by the Member. This compares favourably with other FD&D insurers where the Member pays an initial contribution towards the costs and expenses and only then does the insurer begin to provide cover.

Should the Member require bespoke terms to meet their commercial or operational needs, please contact our underwriting team for more information on alternative terms.

In practice, most disputes are resolved by our in-house team without instructing external lawyers or incurring any costs at all.

The cover is limited to USD 10 million any one claim with a sub-limit of USD 2 million for any claim under Rule 18.7 (Repairs) and Rule 18.13 (Buying and Selling).