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Charterers' Liability
Why buy? A person or a company acting as charterers of a vessel assumes responsibilities broadly similar to an owner's. The contracting parties - usually a cargo owner or sub-charterer - will view the charterer as the "owner" of the ship.
Charterers' Interest Insurance
It protects a charterer's income stream/profit against the chartered-in vessel becoming a total loss.
Charterers' Liability Insurance
A person or a company acting as charterers of a ship assumes responsibilities broadly similar to an owner's. The contracting parties - usually a cargo owner or sub-charterer - will view the charterer as the "owner" of the ship.
The charterer also assumes liabilities towards the vessel owner, including damage inflicted on the ship.
Bunker Insurance
It protects the owner of bunkers on board a vessel for loss of or damage to the bunker.
Freight All Risk Insurance
It is to protect the shipowner or charterer against loss of freight payment.