Aviation Insurance

 

Aviation Insurance covers the physical damage(Hull Insurance) and the legal liability of the Insured.

Marine Liability Insurance

 

Marine Liability Insurance includes:

- Ship Repairer’s Liability Insurance

- Charterers’ Liability Insurance

- Port Authorities Liability Insurance

- Stevedore Liability Insurance

- Terminal Operators’ Liability Insurance

 

The more common types of Marine Liabilities cover in Singapore are Ship Repairer’s Liability, Charterers’ Liability and Port Authorities Liability Insurance.

Marine Hull Insurance

 

Marine Hull Insurance covers the ship owner against the physical loss or damage to a vessel or ship.

All types of vessels from tug and barges to ocean-going vessels can be insured.

Marine Cargo Insurance

 

Marine Cargo Insurance provides the Insured with indemnity for loss of or damage to the goods during transit.

 

Types of Clauses:

1] Institute Cargo Clause A (ICC A) – Covers the Goods against loss or damage subject to exclusions

2] Institute Cargo Clause B And C (ICC B & C) – Cover is specifically named in the clauses, unnamed perils are not covered

Examples of Risks covered are:

- Fire/Explosion

- Vessel Stranded, grounded, sunk or capsized

- Collision

- Entry of Sea/River water into Vessel

- Total loss of any package lost overboard