This policy covers loss or damage to hull and machinery to the carrying vessel, machinery and third party liability flowing from the perils of the sea or any other navigable waters. The hull is the structure of the vessel. Machinery is the equipment that generates the power to move the vessel and control the lighting and temperature system such as boiler, engine, cooler and electricity generator.Various vessels that can be insured under our Marine Hull policy ranging from Fishing Vessels, Passenger Vessels, Cargo Vessels through to Yacht and Boats. The policy could be taken for a specific voyage (Voyage Policy) or for a specified period, normally 12 months (Time Policy) and the Institute Time Clauses (Time, FPA and Total Loss Only) and be adopted amongst others depending on the nature and degree of the risk. Our policy covers both the hull as well as the machinery.
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