Loss or contamination of bunkers caused by
- Fire or explosion
- Stranding, grounding, sinking
- Collision or contact
- Discharge at port or place of distress
- Earthquake, volcanic eruption or lightning
- General Average sacrifice
- Jettison
- Leakage from connecting pipelines
- Negligence of Master, Officers or Crew in pumping cargo, ballast or fuel
- Stress of weather
Other risks covered
- Contribution to General Average and Salvage award
- Proportional liability under the contract of affreightment “Both to Blame Collision” clause
- Strikes, lock-outs, labour disturbances, riots or civil commotions
- War or war-like circumstances
Limits
2m
USD
per event
Frequently asked questions
Gard’s bunkers’ cover protects Members from total loss of bunkers as a result of a vessel grounding, sinking or capsizing. The cover protects against financial loss attributable to the casualty.
Our bunkers’ cover is a good example of how we have widened our product range, offering time charterers cover for the loss of bunkers as well as bunkers’ contribution to general average. This cover minimises financial loss to the charterer and covers a wide range of risks, from total loss to crew negligence and collision.
Gard Members with underlying charterers’ P&I cover.
The insurance is offered on standard terms based on the Institute Bulk Oil Clauses 1.2.83., Institute War Clauses (Cargo) and Institute Strike Clauses (Cargo) 1.1.82.
