H&M policies protect shipowners against physical loss or damage to the vessel’s hull, machinery & other equipment. The policy may also be endorsed to the benefit of the ship’s mortgagees which is usually the case when a shipowner takes out a bank loan.
HULL & MACHINERY
Scope of cover:
- Vessel’s hull, machinery and other equipment
- Salvage and Salvage charges;
- General average contribution;
- Sue and labour;
- Proportion of Liability for collision with another vessel (3/4ths or 4/4ths);
Shipowner may choose cover to include:
- Marine Disbursement Insurance
- Freight Interest Insurance
- Loss of Hire/Strikes Insurance
- Mortgagees Interest Insurance
- War Risks Insurance
- Kidnap and Ransom Insurance
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MARINE
NON-MARINE
INTERNATIONAL
CLAIMS
PRIVATE
Ramon International are conveniently located in the heart of the insurance district of the City of London.
1st Floor, 69 Leadenhall Street
London, EC3A 2BG