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Insurance

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  • War risks - Hull insurance against war, piracy, terrorism and related perils

    Normally referred to as war risk insurance, this type of insurance is an add-on to the normal hull and machinery insurance. The concept consists of a list of areas for which the insurer assesses that the risks to the ship’s hull are elevated, and for which an added premium will have to be paid.

  • Warranty limits

    In year 2000 the Institute of Chartered Underwriters, London revised the Institute Warranty Limits and with effect from 1 November 2003, the limits are referred to as International Navigating Limits (INL).

  • Insurance advice

    Political and civil unrest, wars and other conflicts are regularly raising concerns with regard to the safety of navigation and the safety and welfare of seafarers visiting ports belonging to countries involved in such conflicts.

  • International Navigating Limits

    The Institute Warranty Limits were amended as of 1 November 2003. They have also been renamed and are now referred to as International Navigating Limits (INL).

  • Trading outside Institute Warranties

    Extracts from 2ND revised Edition 1965 of "Insurance of Ships Trading Outside Institute Warranties", a report by Advanced Study Group No. 138 of THE INSURANCE INSTITUTE OF LONDON: Note: The object of the report is to make more generally available a body of information about the nature and the peculiar hazards of these regions excluded by the Institute Warranties. The report does not concern itself directly with questions of hull rating. The publication of the report by the Institute does not necessarily imply agreement with the statements made or opinions expressed, for which the Advanced Study Group alone is responsible.

  • American Institute Trade Warranties

    Please find hereunder the full text of the American Institute Trade Warranties:

  • Institute Warranties Limits

    Please find hereunder the full text of the Institute Warranties Limits (IWL).

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Latest news

  • BIMCO COVID 19 weekly report dated 18 November 2022

    This BIMCO COVID 19 weekly report for the week ending 18 November 2022 covers the International Maritime Organization (IMO) including crew change national contact point,  Brazil, Ukraine, and the latest from the World Health Organization (WHO) and the International Labour Organization (ILO). For the weekly report, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, WHO, ILO and the Port State Control MoU regimes. 

  • BIMCO COVID 19 weekly report dated 19 August 2022

    This BIMCO COVID 19 weekly report for the week ending 19 August 2022 covers the International Maritime Organization (IMO) including crew change national contact point, Fiji, Poland, Ukraine, and the latest from the World Health Organization (WHO) and the International Labour Organization (ILO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, WHO, ILO and the Port State Control MoU regimes. 

  • BIMCO COVID 19 weekly report dated 22 July 2022

    This BIMCO COVID 19 weekly report for the week ending 22 July 2022 covers the International Maritime Organization (IMO) including crew change national contact point and the latest from the World Health Organization (WHO) and the International Labour Organization (ILO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, WHO, ILO and the Port State Control MoU regimes. 

  • BIMCO COVID 19 weekly report dated 15 July 2022

    This BIMCO COVID 19 weekly report for the week ending 15 July 2022 covers the International Maritime Organization (IMO) including crew change national contact point, Argentina, Ukraine and the latest from the World Health Organization (WHO) and the International Labour Organization (ILO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, WHO, ILO and the Port State Control MoU regimes. 

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