|P&I | Damage To Hull | F.D. & D. | Legal Expenses | Cargo Owners Legal Liability | Bunkers | Piracy | TDI | Charterers Interest | Storage|
When Traders, manufacturers or other owners of goods transport their own cargoes, by chartering vessels, they need to be aware of the liabilities they potentially incur in doing so. As a consequence, the cargo owner will be confronted with the usual Charterers’ liabilities, such as damage to the chartered vessel, personal injury, pollution, etc.
On top of that, they face being confronted with liability claims in their capacity as cargo owner instead of Charterer. These risks are similar to the Charterers’ liabilities as highlighted above. The majority of cargo insurances, however, do not cover liabilities resulting from transport of the product.
To address these risks, Post & Co’s covers can be extended by separate agreement with the additional Cargo Owners Legal Liability insurance. This extension covers the third party liability for cargo owners, including pollution.
Please contact our team for more information and a quotation.