Fishing is generally recognized as one of the most dangerous activities in the marine industry. Accidents occur regularly and not only involve personal injuries, sickness or death of crew. They also concern third parties, either persons on board or in the direct vicinity of the vessel or on third party vessels. Accidents stem from a wide range of origins such as: collision, contact with marine structures, pollution (following bunkering), removal of wreck, work with outboard fishing gear, etc.

The consequences of these accidents can take the form of liability claims being lodged against the vessel Owner. The subsequent financial burden can be of such proportions, that even the best organized company can be put out of business. Tailor made liability insurance arrangements therefore are of vital importance for the industry.

For many years, our team of industry specialists on Insurance and claims handling for fishing vessels ensures that arrangements are put in place for each individual vessel Owner. We understand the specific needs and dangers of the fishing industry, allowing for insurance solutions which meet today’s world fishing industry standards. Our network guarantees a continuous flow of information and knowledge from both a theoretical and practical perspective.

Our aim is to allow Owners to devote their attention solely to ‘fishing’ rather than worrying about their insurance arrangements.

Please contact our team to obtain tailor made advice on the products & services we can provide, such as but not limited to:

  • P&I;
  • F. D. & D.;
  • Contractual extensions of cover;
  • General Companies Liability;
  • War Risk;
  • Related services to obtain COFRs and/or other related documents to safeguard an Owners’ day to day operation.


P&I insurance covers the liabilities resulting from operations of the vessel and has originally been initiated by ship owners. Apart from this category, also other operators like managers and charterers can be covered for these risks.

P&I Insurance covers Assured’s liabilities such as (but not limited to):
• Personal injury of seamen, passengers and others on board
• Loss or damage of cargo
• Pollution
• Wreckremoval
• (Excess) collision with other vessels and property
• Towage
• Property on board
Freight, Demurrage & Defence covers the legal expenses of the Assureds to defend their position in disputes which do not fall under the P&I insurance. These can be disputes in respect of Charter Parties, Bills of Ladings, Contracts of Carriage and disputes related to demurrage, freight payment, etc. The insurance covers the legal expenses in respect of these proceedings, not the actual amounts under dispute.
Since many years Post & Co offers her clients in the fishing industry, who have placed their P&I insurance via us, the possibility to take out a general liability insurance. The background for offering this insurance is in everyday practice, where it regularly occurs that a loss has occurred on the borderline between P&I and general liability. The offered general liability insurance covers claims by third parties for both bodily injury and property damage resulting from the act of the insured in the capacity as owner / operator of fishing vessels.
War & Strikes risks insurance in basis covers physical damage and/or destruction of a vessel caused by or as a result of War-like acts such as but not limited to war, civil war, revolution, rebellion, capture, seizure, riots, civil commotions, confiscation, piracy, mines, torpedoes or other derelict weapons of war etc. War & Strikes risks clauses, however, exclude Kidnap & Ransom, which can be covered under a K&R policy.

War & Strikes risks insurance is a separate policy and finds its origin in the F.C. & S. (Free from capture and Seizure) and War & Strikes related exclusion stipulation on the Hull & Machinery policies

Nowadays, piracy is one of the first perils which comes up when talking about War and Strikes risks cover. This as, although piracy is in fact still mentioned as a named peril on the various Hull & machinery policies, in practice piracy risks have now globally been excluded from the Hull & Machinery policies and transferred to the War & Strikes risks insurance policy.

It should further be noted that cover can be extended to include P&I (including Crew) and War Loss of Hire. The P&I aspect and especially the crew extension is of importance. This as the vast majority of P&I Clubs/Underwriters provide War P&I coverage in excess of the Hull & Machinery value as deemed to be insured under the War & Strikes risks insurance. Not effecting a P&I war extension can as such have severe financial consequences.

There are trading area restrictions by means of the Navigation Limitations – Hull War, Strikes, Terrorism and Related Perils Endorsement (JW2005/001A) dated 20th June 2005 in conjunction with the current List of Areas of Perceived Enhanced Risk (Listed areas) as may be published from time to time in London by the Joint War Committee. Effectively this excludes cover for vessels trading to area’s for which separate cover on special terms and conditions is to be arranged.

We can assist in setting up War & Strikes risks insurance arrangements and all relevant extensions where required
The conventional P&I insurance covers the legal liabilities of the assured. Legal liabilities arise from national laws and international conventions and depend on the trade and the operation of the vessel. The Clubs / insurers expect their members / assureds to conclude contracts based on unaltered conditions for certain trades and operations.Any amendment to the standard accepted conditions need special attention and where necessary additional cover has to be arranged. Post & Co will be pleased to assist in arranging cover for such contractual liabilities.
Certificate of Financial Responsibility (Water Pollution) – abbreviated COFR
For many years already we assist operators to obtain a COFR where required. For this purpose we have established good contacts with the various market parties involved as well as the U.S. Coast Guard.

Which vessels require a COFR
Vessels of 300 GT and above, calling at waters under U.S. jurisdiction are required to have a valid Certificate of Financial Responsibility (Water Pollution) on board.

What is a COFR
A COFR is a Federal Certificate issued by the US Coast Guard and is to evidence that operators can meet their obligations in case of a water pollution in accordance with certain US pollution laws.

Non Compliance with Regulations
In case of any calls made without a valid COFR certificate on board, the vessel involved can be detained or denied access to such waters with operators risking huge fines for non compliance with U.S. legislation.

Waters under US Jurisdiction – not only U.S. waters/EEZ
This requirement involves waters under U.S. jurisdiction, which not only includes the EEZ/waters of mainland U.S.A. but also waters of Dependencies like Puerto Rico, Guam, American Samoa etc.

Other COFR State Certificates
Next to the (Federal) COFR, individual U.S. States also have their own COFR requirements. The States California and Alaska are examples of such States. Also for these State COFR certificates we can provide assistance where required.

Other Certificates
Next to the above COFR’s there may be other certificates/arrangements required. From a practical perspective, given our involvement with vessels calling at US waters, we have obtained quite some experience in assisting our clients to obtain the most relevant certificates in our field, which next to COFR’s, include International Carrier Bonds as well as a COFR for passenger vessels – FMC Certificate(s).
The latter dedicated towards passenger vessels performing voyages to waters under U.S. jurisdiction. These vessels, subject to a number of parameters, have to evidence that the Operators are capable of meeting their obligations towards these passengers in either performing the voyage and delivering the passengers at final destination or in meeting liabilities following personal injury, death or sickness of passenger(s).

Operators responsibility
Although we try to assist our clients as much as possible, it is eventually up to owners/operators of vessels to establish which certificates are required and obtain these. Some certificates require quite some information to be disclosed and timely application as well as efforts from the side of operators to be taken given the substantial framework of regulations and requirements applicable.

Should you require any assistance following a scheduled call at waters under US jurisdiction therefore please feel free to contact us.
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