What is Hull and Machinery Insurance?

• For short or over delivery of cargo;
• Failure to comply with regulations as to declarations of goods or documentation as to cargo carried.

f) Oil pollution, subject to a limit of USD 500 million each occurrence.

g) Loss or damage to fixed or floating objects; piers, jetties, buoys etc.

h) One-fourth collision liability for loss or damage caused to another vessel due to collision.

i) Loss or damage caused to cargo carried on board.

j) Life salvage

k) Wreck removal – costs and expenses reasonably incurred for the raising, removal, destruction, lighting or marking of the wreck of an entered vessel to the extent that such measures are compulsory by law.

It is important to note that every vessel should have a copy of the P&I club Rule Book and the Club’s Entry Certificate. Master and Senior officers are required to familiarize themselves with the contents of the Rule Book.