The ABC of Charterers Liability
CLASS A
Charterers of seagoing vessels assume in their charter contracts contractual and legal liabilities. Under these contracts they can be held liable for damage to hull during loading and unloading of the ship, or in (the approach of) a port; or damage to hull caused by the cargo or by charterers bunkers. Furthermore there is a liability exposure for cargo. Charterers can be held liable for shortage or damage to cargo by e.g. pilferage, stowage or mishandling.
And there is a potential risk to third parties like personal injury, wreck removal, general average, etc.
In many occasions the charterer is in the middle of a string of contracts which means that there is a liability exposure both ways.
Charterers Liability cover protects you against these liabilities.
CLASS B
For some charterers, carrying their own goods, there is the potential risk that the goods itself are reason for a liability claim and brought to charterers in their identity as Cargo Owner. E.g. pollution.
Cargo Owners Legal Liability cover protects cargo Owners against these exposures.
CLASS C
For Legal advice and Disputes under the Charter-Party, your legal expenses can be covered under our Defence (FDD) cover.
Policy Wording 2012
Fringe covers
War cover
Bunker cover
Freight cover
Detention cover
Charterers of seagoing vessels assume in their charter contracts contractual and legal liabilities. Under these contracts they can be held liable for damage to hull during loading and unloading of the ship, or in (the approach of) a port; or damage to hull caused by the cargo or by charterers bunkers. Furthermore there is a liability exposure for cargo. Charterers can be held liable for shortage or damage to cargo by e.g. pilferage, stowage or mishandling.
And there is a potential risk to third parties like personal injury, wreck removal, general average, etc.
In many occasions the charterer is in the middle of a string of contracts which means that there is a liability exposure both ways.
Charterers Liability cover protects you against these liabilities.
CLASS B
For some charterers, carrying their own goods, there is the potential risk that the goods itself are reason for a liability claim and brought to charterers in their identity as Cargo Owner. E.g. pollution.
Cargo Owners Legal Liability cover protects cargo Owners against these exposures.
CLASS C
For Legal advice and Disputes under the Charter-Party, your legal expenses can be covered under our Defence (FDD) cover.
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| Policy wording 2010 | Policy wording 2011 |
Policy Wording 2012
Fringe covers
War cover
Bunker cover
Freight cover
Detention cover