Charterers liability insurance is a type of coverage which is mainly understood as very complex and probably one of the most overlooked risks the shipping industry nowadays operates in a world where the liability environment becomes more and more legislative one of the main reasons for this is an increasing amount of regulation on topics like safety and pollution also a charterer is considered as a carrier under many jurisdictions which involves huge responsibilities and liabilities . Charterers liability as charterer of a vessel you are exposed to numerous responsibilities which may turn into costly liabilities we will defend you in case of claims and our charterers liability products will assist to protect your balance sheet contact claims vessels or correspondents read our brochure our policy wording chart magazine. Unlike pi insurance the charterers liability insurance coverage is not really required however experts would still advise getting this one especially for small and medium sized charterers some charterers travel at sea without any kind of insurance to avoid additional spending however it can potentially do harm in their business in case of unexpected occurrences worse it can affect their business financial state and even result in bankruptcy. Charterers legal liability coverage a type of marine insurance designed to provide coverage for the liabilities including those of care custody and control ccc assumed by a party chartering a vessel when the vessels operation remains in the control of the vessels owner under a charter agreement also known as a charter party the chartering party may occasionally agree to be responsible for some of the liabilities associated with the voyage like damage that the ship might incur . In essence charterers liability insurances are not complicated what you want is one cover structured and tailored to your needs no more no less what you see is what you get with clear and consistent terms and conditions backed by worldwide accepted security of lloyds with an outstanding rating this cover exists dupi charterers liability
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