In the event that the ship owner, manager or charterer of the vessel is in the business of the vessel and suffers physical damage to the vessel itself due to marine hazards, risk and the resulting expenses, and the liability for collisions, these economic losses shall be covered by this polices.

Ship Owners, managers, and charterers of vessels in the marine business

- L.O.L. : Insured Amount in the insurance policy.

- Deductible : In the event of damages, the claim amount of insurance to be paid by the company after deduction as "Deductible" which is borne by Assured.

- Hull & Machinery Insurance

- Hull & Machinery Insurance

- War & Strike Insurance

- perils of the seas rivers lakes or other navigable waters

- fire, explosion

- violent theft by persons from outside the Vessel

- jettison

- piracy

- breakdown of or accident to nuclear installations or reactors

- contact with aircraft or similar objects, or objects falling therefrom, land conveyance, dock or harbor equipment or installation

- earthquake volcanic eruption or lightning

- accidents in loading discharging or shifting cargo or fuel

- bursting of boilers breakage of shafts or any latent defect in the machinery

- negligence of Master Officers Crew or Pilots

- negligence of repairers or charterers provided such repairers or charterers are not an Assured hereunder

- barratry of Master Officers or Crew

* Collision Liability

* Sue and Labour

* General Average

- Removal or disposal of obstacles, Wrecks

- any other object other than the property of other vessels

- Death, bodily injury or illness

- Contamination or mistrust of real estate, personal property, or any other object