Covers any loss or damage to ships, tankers, bulk carriers, smaller vessels, fishing boats and sailing vessels.

Owners, bankers, financiers of ships or vessels who have insurable interest

• Ocean Going Vessels
• Coastal Vessels
• Inland Vessels
• Yachts and Pleasure Crafts
• Port Crafts
• Ship Building
• Charter's Liability

The policy covers loss/damage to the property insured due to:

• Fire or explosion
• Stranding, sinking etc.
• Overturning, derailment (of land conveyance)
• Collision
• General average sacrifice, salvage charges

The policy does not cover loss/damage due to:

• Deliberate damage/destruction of the vessel by wrongful act of any person
• Use of any weapon of war employing atomic / nuclear fission and or fusion
• Insolvency or financial default of the vessel owner / operators / charterers
• War / civil war · Strike, Riot or Civil Commotion
• Any terrorist or person/s acting with political motive