1. Covering any kind of vessel, including barge, tug, passenger vessel and yacht.  We provide Hull and Machinery Insurance and Compulsory Third Party Liability.
2. Cover Protection and Indemnity Insurance, including third party liability. The cover are also extend to Crew and Cargo liability as per client requested.

 

1.	Subject Matter Insured
	For vessel trading within Hong Kong Territories Water Only (including barge, tugs and passenger vessel)
2.	Trading Limit
	Trading within Hong Kong, Macau and Chinese Coastal Waters, not east of Shantou (Swatow) and not west of Zhanjiang, subject to approval of the HKSAR Marine Department.
3.	Period of Insurance
	Usually 12 calendar months
4.	Coverage
	Usual Insurance Clause and its coverage:
	Institute Time Clause Hull – Total Loss Only (including salvage, salvage charges and sue and Labour) 1/10/83  - This insurance covers total loss (actual or constructive) of the subject-matter insured caused by the insured perils. (i.e. perils of seas rivers lakes or other navigable waters, fire or explosion) including Sue and Labour Institute Time Clause – Hulls 1/10/83 Covering the loss of or damage to the subject-matter insured caused by  - Total loss (actual or constructive)  - Particular Average exceeds policy deductible i.e. survey charge and repair charge  - Sue and Labour  - General Average and Salvage  - 3/4ths Collision Liability Institute Time Clauses – Hull-Port Risks 20/7/87 Including (ii) as above, Collision Liability amended to 4/4ths (subject to indemnify to sum or sums paid to the Assured becoming legal liable by way of damage for) and including Shipowners' liability as follow  - Loss of or damage to any fixed or movable object or property or other thing or interest whatsoever, other than the vessel  - Any attempted or actual raising, removal or destruction of any fixed or movable object or property or other thing, including the wreck of the vessel, or any neglect or failure to raise, remove, or destroy the same.  - Liability assumed by the Assured under contracts of customary towage for the purpose of entering or leaving port or manoeuvring within the port during the ordinary course of trading  - Loss of life personal injury, illness or payments made for life salvage Small Craft Liability Insurance According the iii) above plus collision liability and shipowners' liability, you may extend to cover - Against the Insured's legal liability under Hong Kong's Employees' Compensation Ordinance and Common Law - Cargo Liability, subject to Hague Rules/Hague Visby Rules The insured may choose the following limited of indemnity : - a. HKD                  5,000,000.00 any one accident or occurrence b. HKD                10,000,000.00 any one accident or occurrence c. HKD                15,000,000.00 any one accident or occurrence

• Liability arising from Pollution or Contamination
• Liability of the assured to his employees as well as to stevedores and repairmen
• Liability to pay damage or compensation for personal injury, illness or death of any person engaged by others to work on board of the insured vessel.
• War Exclusion
• Strikes Exclusion
• Malicious Acts Exclusion
• Nuclear Exclusion
• Terrorism Exclusion
• Electronic Date Recognition Failure Exclusion

 

1.     the Insured should
        - inform us as soon as possible via fax or email or telephone us
        - to minimized the loss
        - the insured should find a fair and reasonable repair quotation to repair the damaged vessel.
          Otherwise, the insurer may reject or reduce the repair coast from the claim.
2.     The insured should provide the following information / documentation to the insurer
        -   Captain's or Master's accident report
        -   Log book
        -   Inspection Report
        -   List of Relevant Charges
        -   Original Repair Bill
        -   Original Receipt of all the Relevant Charges and Costs
3.     Notice of Claim
        1. When there is an accident, the insured should notify the insurer as soon as possible
        2. Details accident report
        3. Please report to the Marine Department or Police Department, if applicable. Please do not discuss or admit liability to any third party.
        4. Please add "ACKNOWLEDGE RECEIPT ONLY, WITHOUT PREJUDICE", when you must sign anything to third party.
        5. Please minimize the loss as possible as you can.

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Product Enquiry : (852) 31875100

* The information contained in this website is a general summary. All terms and conditions are set out in the policy