Overview
We provide shipbuilders with coverage for the various perils
faced during the construction or conversion of vessels. These
will typically include such risks as sea trials, third party
liability during construction, and removal of wreck.
Details
We can assist shipbuilders by providing coverage for the various
perils faced during construction / conversion of vessels.
These will typically include such risks as sea trials, third party
liability during construction, and removal of wreck.
We will pay these losses
Physical loss of or damage to the vessel during construction and
associated liabilities whilst the vessel is under shipbuilder's
care and control. All subject to the terms and conditions of
the actual policy.
Limits available
Up to US $50,000,000.
Target market
Shipbuilders.
Key territories
Worldwide but Europe in particular.