Contractual cover is available with various policy limits covering contractual clauses and indemnities excluded by the rules, including waiver of rights of limitation, assumption of liability for third party losses or damage to third party property, contractual naming and waiving obligations, and assumption of liabilities under non-reciprocal 'knock for knock' agreements.
This maritime security guidance has been drafted jointly by BIMCO, ICS, INTERTANKO, INTERCARGO, and OCIMF following an incident in which a Tanker conducting STS Operations in International waters in the Persian Gulf reported a limpet mine attached to the hull of the vessel.
