Bunkers and Freight
Insurance for loss of bunkers and freight payable at destination.
Comprehensive insurance with an AA- S&P Rating.
An Assured may have an insurable interest in the bunkers or fuel oil supplied or purchased for an insured vessel when chartered on a TCT or period time charter basis. The bunkers are the property of the Assured so would not be covered under the third party Liability policy and therefore separate cover should be considered.
We can provide limits up to USD 2 million for loss of bunkers following a collision, grounding or sinking on an all risks basis with a specialised wording.
FREIGHT AT RISK INSURANCE
A Charterer may agree payment terms for freight to be received after the vessel has sailed or even at the discharge port. In such cases the Charterer has an insurable interest in the freight at risk that they expect to earn which may not be paid following a casualty or the total loss of a chartered ship. Comprehensive cover can be arranged at competitive premiums.
We can provide up to USD 2.5 million of cover with a Munich Re supported policy of Insurance.