Charterers & Traders

Skuld has a flexible approach to charterers' liability. We offer extensive tailor-made covers and basic charterers' liability P&I insurance for time and voyage charterers and traders.

Main products

Charterers' liability

Skuld’s charterers' liability cover for time and voyage charterers and traders builds on a solid tradition and with a reputation for prompt, expert and personalised service. Charterers' entries may be adapted through a vast variety of tailor-made optional and additional covers to meet the specific need of each client.

FD&D Cover

Skuld Defence cover, also known as FD&D (Freight, Demurrage & Defence), provides members and assureds with access to comprehensive legal assistance and professional advice from Skuld's lawyers in shipping disputes included in the cover (non-P&I matters). This cover is available to shipowners and charterers.

Optional and additional products

Optional: Extended Crew Cover

Skuld's Extended Crew insurance offers cover solutions for crew liabilities which falls outside the scope of the standard P&I insurance. These covers have been specially developed for Members and Assureds requiring insurance coverage for pre-selected scenarios, such as where liabilities arise when the crew member is not serving on the entered vessel: Third party liability incurred by crew members, Crew temporarily working on non-entered vessel, Crew ashore, Crew onboard a non-entered vessel pre-delivery or post-sale, Crew on leave, and Crew on standby.

Optional: Extended Cargo Cover

Skuld’s Extended Cargo insurance offers Members and Assureds cover for contractual liabilities and indemnity provisions related to cargo which falls outside the scope of standard P&I insurance: Deviation, Cargo carried on deck (with under deck B/L), Discharge of a cargo at another port or place than stated in the B/L, Delivery of cargo without production of a B/L or W/B, Carriage of cargo under an ad valorem B/L, Carriage of cash, specie, bullion etc., and Loading from, discharging to and carriage of cargo in barges or lighters.

Optional: Hague-Visby Rules waivers

Skuld’s covers for Hague-Visby Rules waivers offers Members and Assureds cover for liabilities arising out of cargo being carried on terms less favourable than Hague- or Hague-Visby Rules: Waiving the right to limit liability, Waiving the right to a time bar, Waiving the right to defences, Waiving the right of recourse, and Incorporation of the Rotterdam Rules.

Optional: Cargo Storage

Skuld’s Cargo Storage insurances offers Members and Assureds cover in respect of liabilities for cargo loss, shortage or damage that fall outside the scope of standard P&I: Cargo storage during drydocking, Cargo remaining onboard during dry-docking, Cargo stowed in non-certified spaces, and Cargo discharged and reloaded on the same vessel.

Optional: Through Transport

Skuld’s Through Transport insurances offers Members and Assureds cover for liabilities in respect of cargo and/or third party liabilities occurring in relation to the carriage of cargo while cargo is in the custody of another carrier pursuant to a contract of carriage for through transport or transhipment providing for carriage to be performed partly by the entered vessel and partly by some other means of transport.

Optional: Extended Contractual Liability

Skuld’s Extended Contractual Liability insurance offers Members or Assureds cover for liabilities arising under a contract or indemnity, which are excluded from the scope of standard cover.

Optional: Extended Passenger Liability and Other persons cover clauses

Skuld’s Extended Passenger Liability insurances offers Members and Assureds cover for liabilities arising: During activities such as excursions which are part of or associated with a cruise on an entered vessel; or from presence on board of persons other than crew or passengers either directly to such persons or third-party liability.

Optional: Miscellaneous covers

Skuld can arrange covers for Members and Assureds in respect of the following specific risks excluded from the scope of standard P&I: Exxon GA clause, North American clean-up indemnities, Salvor extension, and Cargo handling equipment liability.

Additional: Bunker Insurance

Skuld offers its Members and Assureds, with an insurable interest in bunkers, a cover for loss of owned bunkers on board a ship. The cover will indemnify the shipowner or the charterer for the value of bunkers lost due to a casualty of the ship.

Additional: Cargo Handling Equipment

Charterers may have to use specially designed equipment when loading or discharging a chartered ship. This insurance provides cover if the equipment is damaged or lost. Shipowners may also face a similar exposure and can benefit from this insurance cover.

Additional: Cash On Board Insurance

This insurance is specially designed to cover the master's cash stored in a safe on board for sundries and petty charges. The main risk covered is theft and/or loss in case of fire or total loss of the vessel. Master's cash is normally excluded from hull and P&I cover.

Additional: Container Insurance

Container insurance offers cover for the value of the container or the cost of repairs in case of loss or damage to a container.

Additional: Freight At Risk – Time Insurance

Charterers, and sometimes owners, may have an exposure in unpaid freight when freight is paid fully or partly at delivery of cargo. The exposure includes risks of a total loss of the vessel, collision, general average or salvage where the outstanding freight may be considered as a contributor. Available to any Skuld member or charterer Assured where freight is at risk.

Additional: Freight At Risk – Time Reducing

When a charterer sub-charters a vessel out to a new charterer for an agreed period, the charterer has an insurable risk to cover the future freight income if the vessel is lost. Available to any charterer Assured in Skuld where freight or charter hire is at risk over a longer period.

Additional: Freight At Risk – Voyage Insurance

Charterers, and sometimes owners, may have an exposure in unpaid freight when freight is paid fully or partly at delivery of cargo. The exposure includes risks of a total loss of the vessel, collision, general average or salvage where the outstanding freight may be considered as a contributor. The cover is based on a defined single voyage. Available to any Skuld member or charterer Assured where freight is at risk.

Additional: Towage By The Entered Vessel – Under Offshore?

This insurance will provide cover outside the risks in the standard P&I or Liability cover when the insured vessel is engaged in towing another vessel.

Additional: Towage Of The Entered Vessel – Under Offshore

This insurance will provide cover outside the risks in the standard P&I or Liability cover when the insured vessel is being towed by another vessel.

Related pages

Contact

Simone Ingeberg
Senior Vice President, Head of Skuld Oslo 1
Office phone: +47 22 00 22 85
Mobile phone: +47 952 92 285