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Shiprepairer’s liability insurance

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Ingosstrakh experts have developed specials Rules (which have been duly licensed) based on Institute clauses for Shiprepairer’s liability used all around the world for the purpose of more precise regulation of the relations between the Insurance Company and the Insured.

Isurance object:

• the Insured’s property interests, related to the liabilities to indemnify damages to life, health or third party property during the ship repairing operations.

Insurance risks:

1. loss of or damage to any vessel which is in the care, custody or control of the Assured for the purpose of being worked upon including shifting  and moving within the limits of the port at which the work is being carried out and including trial trips but not exceeding 100 miles from such port;
2. loss or damage to any other vessel or craft upon which the Assured is working except vessels or craft at sea other than whilst on trial trips;
3. loss of or damage to cargo or other things on or discharged from any of the vessels or craft referred to in (1) or (2) above;
4. loss of or damage to machinery or equipment of any vessel or craft, whilst such machinery or equipment is removed from such vessel or craft and is in the care, custody or control of the Assured for the purpose of being worked upon, including whilst in transit between such vessel or craft and the premises of the Assured or whilst in transit to or from specialist repairers’ or manufacturer’s premises;
5. removal of wreck;
6. loss of or damage to third party property occurring in the course of or arising from the ship repairing operations of the Assured, where such liability results from negligence of the Assured, his servants, agents or sub-contractors occurring during the period of the insurance.

Cost of insurance:

• to be quoted individually for each object.

Entering into contract:

• please fill in the application form;
• send us the completed application form by fax or e-mail;
• based on the information provided by you, our specialists will quote rate and insurance premium, deductibles, payment schedule and other terms that will then be negotiated with you.