A Trade Credit & Political Risk insurance can mitigate emerging market risk affecting revenues and coupon payment allowing Rating Agencies to agree to an enhanced rating of the issuance resulting in significant savings to the issuer and improved attractiveness to Investors.
P&I Insurance provides cover to shipowners, operators and charterers for third party liabilities encountered in the commercial operation of a vessel.
we’d be top 5.
You have a loss which is collectible from your LOH policy. However, the market is dreadful and the event causes charterer to lawfully terminate the contract, so you loose the longterm value of the contract and must redeploy at lower rates or at worst lay up. A Contract Termination Insurance protects you against this and other risks.
A Cyber Attack Buyback Insurance provides cover for cyber attack risks that are otherwise excluded under standard and paramount Cyber Risks Exclusions Clauses such as the Institute Cyber Attach Exclusion Clause (CL380).
The International Convergence of Capital Measurement Standards, more commonly known as Basel II potentially allows the application of Trade Credit & Political Risk Insurance (TCPRI) to achieve a degree of Regulatory Capital Relief through the use of Non-payment Insurance through its use as an acceptable Credit Risk Mitigant (CRM).
A Shipbuilders Guarantee Insurance prolongs (on identical terms) the yard’s guarantee to the vessel's first Special Survey. It also covers consequential damages that may be recoverable from a H&M or LOH policy and most importantly compensates time spent on repairing the error in design.
If you are an organisation within the marine industry who handles large amounts of insurance documents and/or has the need to share this with a multitude of parties (banks, shipmanagers, investors, superintendents, fleet managers, accounting departments) our Electronic Client Portal may be the solution for you: "We will do the administration for you".
