Scope of cover
- Shipowner's loss of income caused by delay or detention when there is no physical damage to the ship
- Loss of income arising from certain P&I events
- Loss of income arising from external circumstances beyond the owner’s control
Cover extension for scrubbers
- Available to owners and charterers with significant underlying covers with Gard
- For further details contact your Gard Underwriter
Limits
5m
USD
per event
7
days
Standard minimum deductible of
Frequently asked questions
• Pollution spills resulting in third party property damage.
• Stevedore personnel injury in connection with loading/unloading operations.
• Cargo dispute leading to arrest of the vessel.
• Stowaways/refugees.
• Denial of access to a place of refuge.
• Delay in arrival or departure to or from scheduled port (except due to weather or ice conditions).
• Saving persons at sea, followed by intervention from the authorities.
• Pirate seizure.
• Drug seizure.
Members that have entered a substantial part of their fleet with Gard for Loss of Hire insurance and/or for P&I risks.
Important exclusions include no cover for losses:
• Recoverable under standard loss of hire insurance (subject to the Nordic Marine Insurance Plan).
• Arising from war perils (except for piracy seizure).
• Arising from nuclear perils or the ship being employed in any unlawful trade/act.
• Arising from strikes.
• Arising from failure to comply with classification society/flag State requirements.
• Arising from charterer’s failure to pay hire.
• Arising from owner’s failure to pay a legally enforceable debt.
• Any chemical, biological, biochemical, or electromagnetic weapon
• The COVID – 19 virus or any other infectious diseases declared by the World Health Organization as a pandemic.
Standard minimum deductible of 2 days for piracy.
