For shipowners ordering newbuildings we can cover financial perils not recoverable from the yard or their insurers, such as default of refund guarantees, loss of charter following delay, and additional superintendents’ and architects’ fees. We can also cover contractual liabilities to building supervisors and crews prior to delivery.
You may also be interested in:
QCR Summer 2018: Supreme Court clarifies that risk of smuggling is not a war risk and provides guidance on what would amount to maliciousness in the context of a war risks insurance policy
Navigators Insurance Company Limited and others v. Atlasnavios – Navegação, LDA (B Atlantic)  UKSC 26
QCR Summer 2018: The Court of Appeal clarifies that SCOPIC expenditure can be included in ascertaining whether a casualty was a constructive total loss (“CTL”)
Sveriges Angfartygs Assurans Forening (The Swedish Club) v. Connect Shipping Inc (MV Renos)  EWCA Civ 230