Shipowners

As one of the world’s leading providers of marine insurance solutions for shipowners, we provide P&I, H&M and tailor-made protection for a wide range of trades and operations worldwide.

Main products

P&I Mutual

P&I (Protection and Indemnity) insurance is Skuld's largest line of business. This insurance covers marine liabilities incurred by the member in direct connection with the operation of the entered vessel.

P&I Fixed

Fixed P&I insurance covers marine liabilities incurred by the client in direct connection with the operation of the entered vessel and also protects the client against loss and liability to third parties. Skuld’s fixed premium P&I provides cover of up to USD 1 billion and still with the club’s full mutual services available.

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.

Kidnap and Ransom

Skuld can assist in obtaining Kidnap and Ransom (K&R) cover for members and clients. K&R is a bespoke cover that fits with the owner’s P&I cover and offers protection worldwide in the case of piracy attacks and captures.

Hull and Machinery

Skuld is a leading provider of hull and machinery insurance to shipowners around the world. We provide insurance solutions through our syndicate at Lloyd’s as well as our own Oslo based insurance vehicle Skuld Marine Agency (SMA).

PEME programme

Skuld Pre-Employment Medical Examination programme (PEME) is an enhanced medical examination for crew run in cooperation with Medical Rescue International. Skuld members who sign up at clinics in India, the Philippines and Ukraine may claim a 50% refund for the outlay at the end of the policy year.

Read more about the PEME Programme and find clinics

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: Breach of contract (SOL)

Skuld's Breaches of contract of carriage of cargo insurance provides coverage to assured’s liability for loss of and/or damage to cargo and cargo's proportion of general average and salvage as well as special charges not recoverable due to breach of contract. Available for members and clients with full P&I or liability cover with 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 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: Extended cargo liability

Members or clients negotiating global service contracts may at times have little option but to accept agreements that contain liability and indemnity provisions which are outside the scope of standard P&I or Liability cover. Skuld can provide cover for exposed risks on a case-by-case basis. Available for members and clients with full P&I or liability cover with Skuld.

Cargo: Shipowners liability (SOL)

Shipowners liability to cargo insurance may cover an assured’s liabilities arising from a breach of contract of carriage. A typical SOL example is liability for loss of and/or damage to cargo arising out of geographical deviation from a contractually agreed voyage. Such liability falls outside the scope of standard P&I or Liability cover. 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.

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 risk is mainly 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. Available to any Skuld member or client.

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.

Contract: Contract of indemnity

This insurance provides tailor-made coverage when a ship operator is required to give an indemnity in connection with the operation of the vessel. As a rule, the granting of an indemnity will prejudice the P&I / liability cover. Available for members and clients with full P&I or liability cover with Skuld.

Contract: Extended Contractual Liability (ECL)

There may be occasions where members or clients enter into contracts which include liability and/or indemnity provisions which fall outside the scope of standard P&I / Liability cover. This is often the case for vessels operating in the offshore sector or in specialist operations but may also be the case in normal trade. Available for members and clients with full P&I or liability cover with Skuld.

Contract: Towage by an insured vessel

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. Available for members and clients with full P&I or liability cover with Skuld.

Contract: Towage of an insured vessel

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. Available for members and clients with full P&I or liability cover with Skuld.

Crew: Crew insurance extended

Skuld's comprehensive crew insurance offers cover for crew liabilities which fall outside the scope of standard P&I / Liability cover. The cover has been specially developed as a package solution for members or clients requiring coverage for pre-selected scenarios. Available for members and clients with full P&I or liability cover with Skuld.

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 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.

Passenger: Extended passenger liability / Tour-Op

Cruise operators who expand their service and offer activities on board or ashore face increased liabilities towards passengers. Skuld's extended passenger liability insurance can accommodate cruise operators' insurance requirements. Available for members and clients with full P&I or liability cover with Skuld.

Passenger: Liability to persons on board and liability arising out of the presence of persons on board

Skuld can assist in arranging cover for assured’s liability to persons on board, and/or liability arising out of the presence of persons on board. Available for members and clients with full P&I or liability cover with Skuld.

Seizure: Drug seizure insurance

Drugs may be smuggled on board without the knowledge of the owners or the master. This will cause delays when found by local authorities in an arrival port. The insurance will cover such loss of time subject to precautions having been taken at the previous port(s). Available to any Skuld member or client.

Seizure: Illegal product seizure insurance

Illegal items, such as tobacco and alcohol may be smuggled on board without the knowledge of the owners or the master. This will cause delays when found by local authorities in an arrival port. The insurance will cover such loss of time subject to precautions having been taken at the previous port(s). Available to any Skuld member or client.

Seizure: Stowaway seizure insurance

Stowaways may sneak on board without the knowledge of the owners or the master. This will cause delays when found by local authorities in an arrival port. The insurance will cover such loss of time subject to precautions having been taken at the previous port(s). Available to any Skuld member or client.