Marine Hull


This chart describes the lines of insurance which should be arranged by the three main parties related to ship operation (shippers, charterers, and ship owners) according to the various types of damage each of them might suffer from or will be liable for.

Insurance Lines by Types of Damage

Assured
Damage Types
Shipper Charterer Ship Owner
Cargo Damage Cargo Insurance Charterers’ Liability Insurance Protection & Indemnity Insurance
Death Injury and
Illness of crew
Protection & Indemnity Insurance
Third Party Liability Hull Insurance
Protection & Indemnity
Insurance
Wreck Removal Protection & Indemnity Insurance
Pollution Protection & Indemnity Insurance
General Average Cargo Insurance Hull Insurance
Protection & Indemnity
Insurance
Collision Liability Hull Insurance
Protection & Indemnity
Insurance
Hull/Bunker oil
Damage
Damage to Hull Hull Insurance

*This is a general example. Please note that risk and account allocation differs based on the various charter party forms.

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