OCEANIC
INSURANCE MANAGERS

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MARINE COVERAGE

Freight Forwarders offer Cargo Insurance to their clients through "Ocean Marine" policies.

Freight Forwarders provide cargo insurance coverage for their clients through "ocean marine" policies, which cover shipments by air, sea and/or land. Ocean marine insurance policies don't have the same regulatory restrictions that other insurance policies have, instead the insurance language stands on its own with interpretation from the International Chamber of Commerce.

Ocean Cargo policies provide worldwide coverage of goods in transit from warehouse to warehouse by land, sea or air.

Warehouse to warehouse coverage for physical loss of or damage to goods from an external cause, including coverage for:

- General Average losses and General Average contributions
- Sue and Labor expenses incurred to prevent or mitigate a loss
- Import Duty
- Landing, warehousing and forwarding charges incurred as the result of an insured peril
- Return shipments in the event of the refusal or inability of the assured or consignee to accept delivery at destination
- Loss or damage resulting from war risks
- Loss or damage resulting from strikes, riots and civil commotion
- Theft and Hijacking
- Shortage and Non-delivery

Cargo Legal Liability is provided to Freight Forwarders & NVOCC's, Truckers, Air Carriers & Warehousemen come to Oceanic Insurance to cover liability imposed by law as a motor carrier, air carrier, bailee or warehouseman for loss of or damage to goods in their care, custody or control resulting from insured perils.

Bluewater Hull and Machinery provides coverage for physical loss or damage to scheduled vessels, as per policy conditions on a named peril basis. Also provides coverage for Collision Liability up to the agreed value of the vessel. Coverage is provided on standard industry forms and pre-approved manuscript wordings. Classes include cruise vessels, casino vessels, containerships, tankers and bulk carriers and other classes of vessels.

Brownwater Hull and Machinery provides coverage for physical loss or damage to scheduled vessels. Coverage is provided on standard industry forms and pre-approved manuscript wordings. Classes of vessels covered include tugs, towboats, barges, dredges, and passenger vessels.

Protection and Indemnity covers a vessel owner's liabilities arising out of the operation of scheduled vessels. Standard industry forms or pre-approved manuscript wordings are utilized, providing coverage for liabilities incurred as a result of damage to third-party property and injury to or death of crewmembers, passengers, longshore workers, and others. Limits up to $1,000,000 are offered.

Hull Builder's Risk coverage insures the builder or owner against physical loss or damage to vessels during the construction period. The policy also covers collision liability and protection and indemnity exposures during trial trips, and coverage can be extended to cover delivery trips. Coverage is provided on standard industry forms, and limits are offered on a per vessel and/or per yard basis.

Maritime Employer's Liability (MEL) provides coverage to non-vessel owners for liabilities incurred under the Jones Act as a result of their employees carrying out their duties on board vessels.

Charterers' Legal Liability is for vessel charterers, providing for the charterers obligation to owners under a charter party, primarily hull damage and Charterer's P&I exposures.

Ship Repairers' Legal Liability provides marine liability coverage for ship repairers, providing care, custody and control coverage for damage to vessels under repair by the policyholder.

Stevedores' Legal Liability provides marine liability coverage for stevedores, providing care, custody and control coverage for damage to non-owned vessels and cargo, while loading or unloading.

Terminal Operators Legal Liability provides marine liability coverage for terminal and port operators, providing care, custody and control coverage for damage to vessels and cargo handled at the terminal.

Wharfingers' Legal Liability provides marine liability coverage for operators of commercial piers and wharves, providing bailee liability coverage for damage to vessels and cargo using the facility.

Loss Control Services are part of every client's standard service.  Each client will have access to a team of dedicated loss control specialists who are capable of delivering high quality advice that can help you eliminate, prevent and mitigate hazards that adversely impact your business and employees.

A comprehensive review is conducted of each client's operations as well as a review historical claims and shipping procedures from packing and handling to stowage of cargo.

Our personal partnership with each and every client helps us develop the finest service available. 

MARINE INDUSTRIES SERVED