Page 21 - Marine Insurance IC67 EBOOK
P. 21
The Insurance Times
/ nuclear fission and or fusion. Work-over Land rigs)
u Radioactive Contamination, Chemical, u Seismic Survey
u Single Buoy Mooring ( SBM )
Biochemical, Biological, Electromagnetic u Under water pipeline / Cable Insurance
Weapons.
u Insolvency or financial default of the vessel Claim intimation and steps to be taken
owner /operators /charterers by owners:
u War / civil war, Strike, Riot or Civil Commotion
u Any terrorist or person/s acting with political In the event of casualty likely to give rise to
motive a claim
u Immediate notice to policy issuing office.
(B) Comprehensive port package u Giving brief details as to name of vessel,
policies:
place of occurrence, date & time of casualty,
Cover can be purchased by :- circumstances leading to incident.
u Port Authorities u Seek appointment of surveyor to inspect and
u Port / Terminal operators assess loss.
u Private Jetty Owners u In case of theft please notify police.
u Scope of Comprehensive covers :- u In case of fire assistance of fire brigade to
u Physical Damage extinguish fire.
u Third Party Liability u Appointment of adjuster in case of
u Business Interruption Oceangoing Vessels where necessary.
u Terrorism u All steps to minimise loss as prudent
u Wreck Removal uninsured.
u H & M Cover for Vessels
Essential Documents :
Exclusions :- u Certified copy of note of protest by master
u Confiscation, requisition, detention u Marine casualty form issued by M.M.D.
u Blocking of sewers, drains u Insured's report on occurrence.
u Wear & Tear, deterioration u Survey Report
u Error in design, workmanship u Original Repair Bill, cash memo, Invoices
u Mechanical / Electrical Breakdown u Weather Report by Meteorological Dept.
u Affidavits filed by rescue vessels
(C) Oil & energy risk insurance policies: u Certificate of survey for inland vessels
u Registry certificate
u Cover can be purchased by - Oil and Energy u Free board certificate
Industries. u Loadline certificate (where applicable )
u Status / copies of Mandatory certificates
u Scope of Comprehensive covers - u Notarized statements of master and chief
u Offshore / Onshore constructions / Erections
engineer of the vessel.
(Builders Risks) u Log Book extracts (Engine & Deck )
u Production / Operation Cover - Well head u Crew list with details of competency
platform/ process platform. certificates.
u Exploratory Drilling (Offshore - Jack Up Rigs, u Copy of Claim bill with supporting documents.
Drilling Rigs, Semi Submersibles etc.
Onshore- Fixed Land rigs, Mobile Land Rigs,
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