PREVIEW

Builder's Risk

Insurance covers new buildings from keel laying/steel cutting to delivery

Home Insurance Builder's Risk

Builder's Risk

The Swedish Club writes Builder’s Risk for seagoing vessels and MOUs. Team Norway is the point of contact for this business segment.

Why buy? Builder's Risk insurance covers new-buildings from keel laying/steel cutting to delivery, including third party liabilities (P&I). The insurance also covers conversions and major repair work. In addition the insurance can be extended to cover:

  • Extra costs of rebuilding. This is made up of the difference between what has been recovered under the Builders’ Risks policy and the actual cost of rebuilding.
  • The yard’s liability in relation to the buyer for the interest accrued on the instalments paid. This liability could be triggered in case there is no longer an obligation to deliver as a result of loss or damage which is recoverable under the Builders' Risks policy.
  • The yard’s loss of interest and daily penalties incurred due to delay in delivery that is due to damage recoverable under the Builders' Risks policy.
  • War risk insurance - from launching or waterborne new-buildings.

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Team Norway 

The Swedish Club Norway
Dyna Brygge 9, Tjuvholmen

NO-0252, Oslo
Norway

Tel +47 9828 1822
Mobile +47 9058 6725
EMERGENCY +46 31 151 328
E-mail: mail.oslo@swedishclub.com

Visiting address

The Swedish Club
Gullbergs Strandgata 6
SE-411 04 Gothenburg
Sweden


Postal address

The Swedish Club
Gullbergs Strandgata 6
P.O Box 171
SE-401 22 Gothenburg
Sweden

Phone/Fax/E-mail

Tel +46 31 638 400
Fax +46 31 156 711
E-mail swedish.club@swedishclub.com

Emergency

GOTHENBURG:
+46 31 151 328

Piraeus:
+30 6944 530 856

Hong Kong:
+852 2598 6464

Tokyo:
+81 44 222 0082

Oslo:
+46 31 151 328

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