This type of insurance covers the legal costs and expenses, which a shipowner incurs due to a dispute arising under the Charter Party or as a result of a dispute with any party related to the carriage of the goods for which a vessel was chartered.

What is covered

The reasonable legal costs and expenses are covered in respect of claims and disputes in connection with:

- Hire or off-hire
- Freight
- Deadfreight
- Detention
- Laytime
- Demurrage
- Despatch or any other claim or dispute under the Charter Party
- Bill of Lading or another contract of carriage in respect of the Insured Vessel.

It is at club’s managers discretion as to which risks/expenses would be covered.

Why is it Important?

Affinity applications in insurance not only enhance customer service but also offer several advantages to companies:

  • Customer Loyalty: Affinity programs can increase customer loyalty by better addressing the needs of the target audience.
  • Specialized Insurance Products: Affinity applications provide a better customer experience by offering specially designed insurance products.
  • Collaboration Opportunities: Companies can expand their markets by collaborating with other institutions.
  • Digital Transformation: Technology and data analytics can make affinity applications more effective.

In conclusion, affinity applications in insurance are a means of providing better service to customers and attracting new ones for businesses. These programs reflect industry advancements by focusing on specially designed insurance products and customer needs.

Speak to a specialist in 

Freight, Demmurage & Defence

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Speak to a specialist in 

Freight, Demmurage & Defence

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