Risk solutions covering a daily loss of income following physical damage to a vessel
Loss of income caused by events such as
- Damage to the vessel recoverable from the underlying hull & machinery cover
- Stranding of the vessel
- Physical obstruction preventing the vessel from leaving port (excluding ice)
- Salvage or removal of damaged cargo
- Events giving rise to an allowance in General Average
Important exclusions
- Actual and constructive total loss.
- Non-physical blocking of a vessel (e.g. by order from authorities).
Frequently asked questions
Terminology
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