Non Delivery Insurance Covers appreciation of value beyond amounts insured under the Builders Risk Insurance and/or the Refund Guarantee, and should be considered in a rising market or on securing of an advantageous charter.
Trade Disruption Insurance covers events that does not directly affects your vessel or production unit, but which nevertheless reduces your income due to damage to onshore import or export terminals, pipelines, blockage of ports or waterways, force majeure events, weather, expropriation, change in legislation.
Blocking and Trapping Insurance responds if the vessel or vessels are physically blocked or trapped in ports, rivers, waterways, channels, or similar due to congestion, accidents or external physical damage caused by civil risks, war risks, nature cats and force majeure events. The insurance pays an agreed daily indemnity.
Actions of Foreign Governments can lead to the loss of mobile assets or equipment held overseas including stocks, inventory, contractor’s plant and equipment or similar leased or mortgaged assets, including loss of rental or lease income. An Expropriation Insurance reduces these risks.
You’ll find Edge everywhere marine risk is traded. Marine Risk is the only thing we do, so we know it well and have attracted others who share our passion. We’ve grown by bringing together the best practitioners from the Nordics, the UK, continental Europe and Asia, to form Edge Group as the place where specialist marine insurance knowledge lives and grows.
An independent group of specialist brokers, we work together, punching above our weight on the global stage. We value teamwork and promote an open, relaxed, yet highly professional culture. We believe everyone can add value; we listen and respond positively to our clients and each other. We enjoy the search for new solutions, sharing knowledge and innovating together.
Financial Institutions and their clients are at risk of non-payment under Letters of Credit and other Instruments issued in accordance with UCP 600 and received from overseas Banks. Insurance can be arranged to cover the risk of default by the obligor bank as well as political issues preventing payment.
Loss of Hire insurance covers daily loss of income following a physical damage to the vessel. The loss as a general rule must be recoverable under the H&M cover, but can be extended to respond to war risk, and certain non-physical events.
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".