WATER TRANSPORT
Water Transport Insurance
Insurance of interests related to the operation of vessels makes it possible to secure this area of activity as much as possible.
Advantages
Absolute
Insurance
Risks
Loss (actual or constructive) of the vessel, damage to its hull, mechanisms, machinery, equipment.
Insurance terms available:
- With responsibility for total loss, damage and breakage
- With responsibility for total loss and damage
- With responsibility for the total loss of the vessel, including the salvage costs and general average
- With responsibility for the total loss of the vessel, including salvage costs
- With responsibility for the total loss of the vessel only
Additional risks:
- Loss (actual or constructive), damage to the vessel, breakdown of machinery, mechanisms and equipment due to structural, manufacturing defects (deficiencies) or hidden defects in machinery, hull of the vessel
- Occurrence of unforeseen expenses (losses) due to loss of freight during the casualty lay-up of the vessel following damage and/or breakdown of the insured vessel
- War and strike risks
The fact of the occurrence of civil liability of the Assured (the Person whose liability is insured) for causing harm established by a court decision that has entered into legal force or recognized by the Insurer:
- to a vessel owned by a third party due to a collision with a vessel specified in the insurance contract;
- to a floating or fixed object (other than a ship) owned by a third party due to a contact or collision with a vessel specified in the insurance contract
Risks
- Liability to passengers
- Liability to persons other than crew members and passengers
- Diversion expenses
- Liability for collision of the insured vessel with other vessels
- Liability for loss of or damage to property including loss of or damage to floating and fixed objects
- Liability for environmental pollution.
- Liability under towing contracts of the insured vessel or by the insured vessel of another vessel or object
- Liability in respect of cargo carried on the insured ship
- Liability in respect of property on board the insured vessel
- Costs and expenses in respect of special compensation to salvors
- Expenses in respect of demands for payment made against the Insured by legally empowered public authorities
- Expenses related to the prevention, reduction of losses and investigation of the circumstances of the insured event
- War risks
- Other risks — according to the Insurance Rules
Requirements of national and international legislation
For Inland Waterway Transport
- The Inland Waterway Transport Code of the Russian Federation
- Resolution of the Government of the Russian Federation dd. 06.03.2012 No.193 (edition dd. 10.08.2016 No. 778) «Licenses required on sea and inland water transport»
For sea vessels and river-sea types of vessels
- The Merchant Shipping Code of the Russian Federation
- Resolution of the Government of the Russian Federation dated 06.03.2012 No. 193 (as amended dated 08/10/2016 No. 778) "On licensing of certain types of activities in maritime and inland waterway transport"
- The International Convention on Civil Liability for Bunker Oil Pollution, 2001 (Blue Card furnished)
- The International Convention on Civil Liability for Oil Pollution Damage, 1969 (and the Protocol of 1992 to the Convention) (Blue Card furnished)
- The International Convention on Liability for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, 1996
- The Nairobi International Convention of the Removal of Wrecks, 2007 (and the Protocol of 2010 to the Convention) (Blue Card furnished)
- Japan's Oil Pollution Liability Act of 1975 (MLIT).
Risks
- Death of a crew member as a result of an accident or from disease
- Death of a crew member as a result of an accident resulted from shipwreck
- Announcement a missing crew member dead
- Permanent or temporary disablement of crew member resulted from accident or occupational disease
- Medical expenses, repatriation expenses, replacement and rearrangement expenses resulted from accident or disease of crew member
- Deviation of vessel to land a sick or injured crew member
- Loss or damage to personal belongings of crew members
- Requirements of national and international legislation
For inland waterway transport
- The Inland Waterway Transport Code of the Russian Federation
For sea vessels and river-sea type vessels
- The Merchant Shipping Code of the Russian Federation
- Maritime Labour Convention 2006. (Insurance certificates are issued in accordance with the requirements of regulation 2.5, Standard 2.5.2 of the Convention and on insurance in accordance with the requirements of regulation 4.2, paragraph 1 (B) of Standard 4.2.1 of the Convention)
- Convention No. 188 on Labour in the Fishing Sector, 2007
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