S & P
This insurance, usually referred to as “P&I,” provides cover to shipowners, operators, and charterers for third-party liabilities encountered in the commercial operation of entered vessels. The main risks covered are liabilities, expenses, and costs for:
| Loss of life, injury and illness of crew, passengers and other persons | Cargo loss, shortage or damage | Collision | Damage to docks, buoys and other fixed and floating objects |
| Wreck removal | Pollution | Fines and penalties | Mutiny and misconduct by crew |
| Crew repatriation and substitution | Damage to property on board the insured vessel | Quarantine | Vessel Diversion Expenses |
| Unrecoverable General Average contributions | Vessel’s proportion of General Average |
P & I
P&I cover is designed to complement a vessel’s hull and machinery insurance and related covers. It is distinguished from ordinary marine insurance in that it is based on the not-for-profit principle of mutuality where members of the club are both the insurers and the insureds. As a consequence, the scope of cover offered by P&I insurance is unsurpassed in its reach and cost-effectiveness.Leadsmar is handling insurance matters through it’s partner companies.We provide service to our customers 7/24 for following matters ;
| Protection and Indemnity Insurance (3rd party liability for shipowners) | Freight Defence and Demurrage (legal assistance to shipowners) | Time Charterer’s P&I and F.D&D. Liability insurance |
| Certificates of Financial Responsibility (COFR) in respect of Water Pollution Liabilities | Cargo in transit Insurance | P&I Crew Risks |
| Hull & Machinery Insurance for ocean going vessels | Hull Interests, i.e. Increased Value and Freight | War & Piracy risks |
| Kidnap and Ransom | Loss of Hire | Strike Insurance |
| SOL (Shipowners Liability Insurance) | Cruise Cancellation insurance (including terrorism) | Liability covering Marina Operators, Stevedores Terminal Operators and Port Authorities. |
| Insurance of NVOCC operators, Freight Forwarders, etc. | Ships Cash, Concessionaires, Personal Accident Insurance etc. |
