NNPC Marine insurance
NNPC offers a complete package of shipping insurance services and products, tailored to the business owners’ risks, wishes and requirements. Our advisors will work with you to put together the right package for you. Below is a selection of the options available.
The Protection & Indemnity insurance covers the risks associated with shipping goods, raw materials and products. This insurance among other things covers cargo damage, oil pollution and accidents on board. The P&I insurance is always taken out in combination with the legal assistance insurance.
The legal assistance insurance (FD&D) offers assistance in the event of problems and covers the costs of legal disputes/advice relating to an insured ship. For example, disputes relating to laytime or freight collection. Unlike other FD&D insurers, NNPC does not charge any policy excess for this. In principle, the costs are covered up to €100,000. Coverage can be extended to €5,000,000 for a limited additional premium.
The NNPC crew insurance fits in seamlessly with the P&I and legal assistance insurance and offers considerably more extensive cover than the traditional (commercial) crew insurance. The insurance covers shipowners’ liabilities under the employment contracts of crew members.
Kidnap & Ransom
As the name suggests, the Kidnap & Ransom insurance covers the costs in the event of hijacking. NNPC offers worldwide coverage with the exception of high-risk areas. For these areas (HRA), additional insurance can be taken out.
Ship Owners Liability
Ship Owners Liability (SOL) is an additional liability insurance for owners of ships for risks that do not fall under P&I. The insurance covers, among other things, risks incurred as a result of deviations from a ship’s original course and the risks of unloading without a bill of lading.
The Charterer’s Liability is a P&I insurance for charterers and applies when chartering the vessel.
This additional insurance covers the risks of vessels operating offshore which are not covered by the P&I insurance.
Damage to Hull / Bunkers
The Damage to Hull insurance (DTH) is a hull insurance for charterers. The bunker insurance covers problems with charterers’ bunkers.
This additional insurance covers the risks of special operations that are not covered by the P&I insurance.
A special legal assistance insurance for problems/disputes that may arise during the construction of new ships.
- 24/7 availability in case of damage
- Fast claims handling for your business continuity
- Customized advice by our own experts
Would you like to know more about one of our insurance policies, the risk check or do you have another question? Contact us.