Products:
SOL insurance
This is a commonly used abbreviation for the so-called "Ship Owners Liability" cover, which responds in case of a geographical deviation or breach under the contract of carriage. Assureds should realize that such a breach or deviation can deprive the carrier from the usual defences and limitations under the contract of carriage and prejudices the standard P & I cover. The S.O.L. Insurance covers the liability for loss of and/or damage to the cargo in case of such a breach or deviation.
