The insurer will indemnify the Insured against material damage and third party liability, as the detailed insurance coverage hereunder:
Section 1
- Hull, Machinery, Materials, Gear and Equipment, Contents including but not limited to Tenders and everything connected therewith nothing excluded
Section 2
- Third Party Legal Liability
Section 1
No claim shall be allowed in respect of any:
- outboard motor dropping off or falling overboard
- ship's boat having a maximum designed speed exceeding 17 knots, unless such boat is specially covered herein and subject also to the conditions of the Speedboat Clause as mentioned in policy, or is on the parent vessel or laid up ashore
- ship's boat not permanently marked with the name of the parent vessel.
Section 2
This insurance does not cover any liability cost or expense arising in respect of
- any direct or indirect payment by the Assured under workmen's compensation or employers' liability acts and any other statutory or common law liability in respect of accidents to or illness of workmen or any other persons employed in any capacity whatsoever by the Assured or by any person to whom the protection of this insurance is afforded by reason of the provisions of Clause 11.4 above, in on or about or in connection with the vessel hereby insured or her cargo, materials or repairs
- any boat belonging to the vessel and having a maximum designed speed exceeding 17 knots, unless such boat is specially covered herein and subject also to the conditions of the Speedboat Clause 19 below, or is on the parent vessel or laid up ashore
- any liability to or incurred by any person engaged in water skiing or aquaplaning, while being towed by the vessel or preparing to be towed or after being towed until safely on board or ashore.
In addition, the exclusions hereunder shall be paramount and override anything contained in the policy inconsistent therewith:
- War
- Strikes and political acts
- Nuclear
- Abestos
- Contracts (rights of third party)
- Electronic data
- Liability of Pilot or Tow or Tow boat
- Terrorism
- Radioactive contamination
- Cyber attack
- Sanction limitation
The above is a brief summary of the product. For more details, click here or contact MSIG Insurance (Vietnam) Co., Ltd:
Add: 10th Floor, CornerStone Building, No. 16, Phan Chu Trinh Street, Phan Chu Trinh Ward, Hoan Kiem District, Hanoi, Vietnam
Tel: +84 24 (3936 9188 ~ 3936 9200) | Fax: +84 24 3936 9187 | Email: [email protected]
