Any loss or damage to ships tankers bulk carriers smaller vessels fishing
boats and sailing vessels.
Who can Insure ?
Owners or bankers of ships or vessels.
What is Insured ?
The various vessels that are covered under this policy are :
Ocean Going Vessels.
Other Vessels .
The policy covers loss/damage to the property insured due to
Fire or explosion; stranding sinking etc.
Overturning derailment ( of land conveyance).
General average sacrifice salvage charges.
The policy does not pay any loss/damage caused by attributable to due to Deliberate damage/destruction of the vessel by wrongful act of any person Use of any weapon of war employing atomic / nuclear fission and or fusion Insolvency or financial default of the vessel owner / operators / charterers. War / civil war Strike Riot or Civil Commotion. Any terrorist or person/s acting with political motive.