Charterer’s Liability
Chartering a vessel brings a different set of responsibilities. As a charterer, your business can face claims involving the vessel, cargo, third parties and liabilities arising under the charter party. We arrange specialised Charterers’ Liability cover around the way you charter vessels, the cargoes and trades involved, and the contractual responsibilities you assume.
Overview
Cover for your responsibility
If your business moves, handles or stores goods that belong to others , or charters vessels to carry them, you carry a legal responsibility for those goods and for your operations. This cover protects you against the claims that responsibility can bring. It is distinct from cargo insurance, which protects the goods themselves.
It brings together two related areas: your liability as an operator handling goods for others, and your liability as a charterer using vessels. We structure it around your actual operations and the contracts you work under.
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What's included
A Charterers’ Liability Insurance may cover:
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Loss of or damage to the chartered vessel, including damage arising from cargo operations where covered.
Liability for cargo loss or damage for which you are legally or contractually responsible.
Third-party liabilities arising from the chartered vessel’s operations, including property damage and pollution where covered.
Liabilities arising under the charter party and other contractual responsibilities assumed as charterer.
Legal costs and defence expenses in connection with covered claims.
Specific risks such as Cargo Owners’ Legal Liability, bunkers, loss of hire.
As with any policy, cover is subject to its terms, conditions and exclusions. We make sure it aligns with the contracts and charter parties you work under, so your cover and your liabilities match up.
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Who it's for
Commodity traders, trading companies, ship operators and other businesses that charter vessels under voyage, time or other charter arrangements.
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Talk to us about
your liability cover
Tell us what you handle, move or charter and who for. We'll structure cover that matches your operations and your contracts.