Shipowners' liabilities
Shipowners' liabilities (SOL) is a tailored cover against deviation from the standard route or the agreed bill of lading where there is cargo liability exposure. We can cover specific incidents of deviations from the bill of lading but an inclusive SOL cover can provide for liberties to deviate under the policy period. A SOL policy essentially replaces or buys back standard P&I cover with a fixed premium cover, typically with a limit of between US$10-50 million.
Tags
You may also be interested in:
Circular 02/23: War Risks P&I Excess Cover
17/02/2023
Special War Risks P&I Excess Cover, And Bio-Chem Cover, And Us Terrorism Risk Insurance Act Of 2002, As Amended By The Terrorism Risk Insurance Program Reauthorization Act Of 2019
Patrick Ryan, Sustainability Director for the UK P&I Club, discussed with Maritime Risk International on the COP27 climate conference in Egypt and what it may mean for the shipping sector.
On 28 September, VPS released an important alert regarding distillate fuels
The international legal framework relating to the entitlement of shipowners to limit their liability for maritime claims has been established by the entry into force of the 1976 Convention on Limitation of Liability for Maritime Claims