Gard Members with underlying MOU P&I cover.

Standard limits USD 10 million and USD 25 million (with sub-limits USD 5 million and USD 10 million for seepage and pollution from well).

Following are some exclusions from the MOU CGL Cover: • Loss of equipment below surface of the earth • Loss of or damage to the chartered ship • Wear and tear latent defect

The purpose of the MOU CGL Cover is to insure the Member’s liabilities arising out of operations or activities by or at the risk and responsibility of the Member beyond the scope of the P&I insurance. The cover has been designed and developed to provide a seamless cover with the underlying P&I cover without the risk of gaps or overlap.