Hull Insurance

Hull insurance covers loss or damage of any ship or vessel, crafts of all types and sizes  

whilst navigating, when laid up or under construction, to its

Hull and Machinery and equipments. - including collision liability

 Loss of hire, of earnings, of interest
 War risks insurance

Builder's and/or conversion risks ,including guarantee ,delay in delivery covers

Shiprepairer's liability

The most common covers are :

1.    Institute Time Clauses - Hulls

This comprehensive clause covers an extensive peril, subject to policy exclusions.  The cover includes general average, salvage, salvage charges, sue & labour, and 3/4^th collision liability

2.    Institute time Clauses – Hulls – Total Loss Only

This Clause covers for loss and/or damage in case of Constructive Total Loss and Actual Total Loss.  The covers include salvage charges, and sue & labour charges, and can be extended to cover general average, and 3/4^th collision liability.

3.    Institute Voyage Clauses – Hulls

This comprehensive clause covers for loss and/or damage to the hull, machinery  and equipments during specified voyage to the policy conditions.

4.   Other covers such as Institute Fishing Vessel Clause, Standard Indonesian Hull Form also provided.