An insurance that provides protection against loss or damage or loss to the vessel’s framework and its propulsion machinery as a result of risks coverd under the conditions of the policy.
An insurance that provides protection against loss or damage or loss to the vessel’s framework and its propulsion machinery as a result of risks coverd under the conditions of the policy.
Type of Hull and Machinery Insurance Products:
Hull and Machinery Insurance : An insurance that provides risk coverage fordamages or losses against ships, machinery,and equipment from perils of the seas and navigational perils.
Ship Builders Risks Insurance : An insurance that cover the risks that can beoccured during the construction of the ship (in the shipyard) until it is delivered to the owner.