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.