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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The Swedish Club Norway
Dyna Brygge 9, Tjuvholmen
|Tel +47 9828 1822
Mobile +47 9058 6725
EMERGENCY +46 31 151 328