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 Defence & Demurrage), provides members and clients with access to comprehensive legal assistance and professional advice from Skuld's lawyers in non-P&I matters. The cover is available to shipowners and charterers.

Marine liability

Marine liability insurance covers liability to third parties for bodily injury and/or property damage. Operations covered include port authorities, terminal operators, charterers, ship repairers and more. Energy liability insurance (other than P&I) for the Offshore industry is also offered.

Additional products

Bunker insurance

Skuld offers cover for loss of owned bunker 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. Available to any member or client of Skuld with an insurable interest in the bunker.

Cargo equipment insurance

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. Available to any member or client of Skuld.

Cargo: Carriage of ad valorem cargo

Skuld's Carriage of Ad Valorem Cargo Insurance covers assured’s liability to cargo interests for the total value of the cargo in excess of the amount recoverable from the standard cover. Available for members and clients with full P&I or liability cover with Skuld.

Cargo: Carriage of cargo on deck with under deck B/L

Skuld's Carriage of cargo on deck with under deck B/L insurance covers the assured’s liability to cargo interests for the value of the cargo being carried on deck with under deck B/L. Available for members and clients with full P&I or liability cover with Skuld.

Cargo: Carriage of cash, bullion etc. as cargo

If a carrier agrees to carry cash, bank notes or other forms of currency or other objects of a rare or precious nature like for instance works of art, precious stones etc. Skuld can assist in arranging optional cover for the assured’s liability to cargo interests. Available for members and clients with full P&I or liability cover with Skuld.

Cargo: Storage of dry cargo in excess of 21 days

Skuld's standard P&I or Liability cover provides cover for liability to cargo within 21 days prior to loading or after discharge. In circumstances where ship operators, as carrier, are liable for cargo exceeding this period and if not allowed for by the contract of carriage the excess of 21 days insurance may cover assured’s liability. Available for members and clients with full P&I or liability cover with Skuld.

Cargo: Storage of liquid cargo in excess of 21 days (bailee)

Skuld's standard P&I or Liability cover provides cover for liability to cargo within 21 days prior to loading or after discharge. In circumstances where ship operators, as carrier, are liable for cargo exceeding this period and if not allowed for by the contract of carriage the excess of 21 days insurance may cover assured’s liability. Available for members and clients with full P&I or liability cover with Skuld.

Cargo: Through transport liabilities for cargo and third-party liability

If a member or client undertakes cargo transport under a Through Transport B/L where part of the transport is performed by other means than the entered vessel, the member should consider extending the P&I policy / Liability cover to include through transport liability for cargo with extension for third party liability. Available for members and clients with full P&I or liability cover with Skuld.

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. Available to any member or client of Skuld as owners or lessees of containers.

Freight: Freight 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 is both the risk for a total loss of the vessel or collision, general average or salvage where the outstanding freight may be considered as a contributor. Available to any Skuld member or charterer client where freight is at risk.

Freight: Freight 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 client in Skuld where freight or charter hire is at risk over a longer period.

Freight: Freight 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 is both the risk for a total loss of the vessel or 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 client where freight is at risk.