Additional Marine Insurance

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Additional Marine Insurance

 Cash on Board Insurance

MarineThis insurance covers the Master's cash, held on board to pay for the sundries. The primary risks are theft and loss due to fire, or the vessel becoming a total loss. Cash on Board Insurance is designed for cash stored in a safe on board the ship. In addition, cover may be extended to delivery of cash to the ship.

For more details see the folder Marine insurance» (page 22)

Who can be covered?
Shipowners

Limits: USD 1 million

Deductibles: 5 % of sum insured

Commission Interest Insurance

There are situations, such as sale and purchase or charter arrangements, where the shipowner or vessel charterer stand to receive a commission if the deal goes through. This commission may be at risk, in the sense that payment depends on the vessel being delivered, or the charter concluded. Commission Interest Insurance addresses such risks.

Who can be covered?
Receiver of the commission

Limits: USD 2 million

Deductibles: None

For more details see the folder Marine insurance» (page 25)

Loss of Anticipated Profits Insurance (LOAP)

LOAP protects the locked in profit on a vessel that has been sold prior to being completed by the shipyard, providing cover for the lost profit the owner of the vessel being built would experience if the vessel cannot be delivered or is delayed in its delivery to new buyers.

Who can be covered?
Shipowners

Limits: Maximum limit USD 20 million per event (higher limit on request)

Deductibles: None

For more details see the folder Marine insurance» (page 26)

Purchaser's/Seller's Interest Insurance

protects the status quo re profit for the buyer or seller of a vessel against a total loss of the vessel before it is delivered to the new owner.

Who can be covered?
Shipowners

Limits: Maximum limit USD 20 million per accident or occurence (higher limit on request)

Deductibles: None

For more details see the folder Marine insurance» (page 28)

Purchaser

 

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

The Swedish Club is a member of: