Port Operators’ Liability Insurance
This type of insurance covers material damage that may arise during the operations of port
operators and any damage they may cause to third parties. Accidents or damage that may
occur during loading, unloading or storage processes at port facilities are covered by this
insurance.
Cargo Insurance: This is a type of insurance provided to safeguard the security of goods
carried by seagoing vessels (ships or cargo vessels) and to protect against damage that
may occur during transport. This insurance provides compensation in the event that the
cargo is damaged or lost during transport.
Hull and Machinery Insurance: This is a type of insurance that covers potential damage to
the vessels themselves (boats or ships) and their machinery. This insurance policy protects
against material damage to the vessel that may result from incidents such as collision, fire
or theft.
Freight, Demurrage & Defence Insurance: This type of insurance covers freight losses,
demurrage costs and legal defence expenses that may arise during the carriage of goods.
Losses resulting from additional costs incurred during transport, such as port charges and
quay charges, can be covered by this insurance.
Tenant Liability Insurance: This type of insurance covers potential damages that may be
caused to third parties as a result of accidents occurring at port facilities by persons who
lease or operate such facilities. It protects tenants’ operational liabilities regarding port
facilities.
Yacht Insurance: This is a type of insurance that provides protection against various risks
associated with yachts (private vessels) used for private purposes. This insurance policy
covers material damage that may arise from incidents such as collisions, sinking or theft.
Ship Repairer’s Legal Liability Insurance: This is a type of insurance that covers the
potential legal liabilities of ship repairers (shipyards or repair shops) during the repair of
ships, as well as any damages arising from such liabilities.
Shipbuilding Insurance: This is a type of insurance that covers the risks that may arise
during the construction process of newly built ships and after delivery. Material losses in
shipbuilding projects or damage that may occur during construction can be protected by
this insurance.
Types of Transport Insurance:
Cargo Transport Insurance: A type of insurance covering damage or loss that may occur
during the transport of goods. It is used for transport by land, sea or air.
Types of Goods in Transit Insurance Policies:
All Risks Policy: A comprehensive insurance policy covering all types of damage that may
occur during the transport of goods.
FPA (Free of Particular Average) Policy: A policy type that covers specific types of damage
and generally offers more limited cover.
General Average (GA) Insurance Policy: An insurance policy based on an agreement to
share potential losses between the owners of the vessel and the cargo during transport.
Valuables Transport Insurance: A specialised insurance policy covering risks arising during
the transport of valuable goods (such as gold, jewellery, works of art, etc.).
Liability Insurance: These are types of insurance that cover third-party damages or
liabilities arising from transport activities. For example, they protect carriers or operators
against damages to others’ property or health that may occur during transport.
These types of insurance are important financial tools used to manage various risks in the
shipping and transport sectors and to protect businesses. Each insurance policy may
contain different scopes and conditions depending on the type of goods being
transported, their value, the method of transport, and other factors.
What is Port Operators’ Liability Insurance?
It is a type of insurance that covers material damage that may arise during the activities of
port operators and damage they may cause to third parties.
What is Cargo Insurance?
It provides insurance cover for the safety of cargo carried by seagoing vessels and
protection against potential damage to such cargo.
What risks does Hull and Machinery Insurance cover?
It covers potential damage to the vessels themselves (boats, ships, etc.) and their
machinery, such as collision, fire and theft.
What does Freight, Demurrage & Defence Insurance cover?
It is a type of insurance that covers freight losses, demurrage costs and legal defence
expenses that may arise during the carriage of cargo.
What is Tenant Liability Insurance?
It is a type of insurance that covers potential damage caused to third parties as a result of
accidents occurring at port facilities, for individuals who lease or operate such facilities.
What does Yacht Insurance cover?
It is a type of insurance that provides protection against various risks associated with
yachts (private vessels) used for private purposes.
What does Ship Repairer’s Liability Insurance cover?
It is a type of insurance that covers the potential legal liabilities of ship repairers during the
repair of ships and the damages that may arise from such liabilities.
What does Shipbuilding Insurance cover?
It is a type of insurance that covers the risks that may arise during the construction process
of newly built ships and after their delivery.
What is Goods in Transit Insurance?
It is a type of cargo insurance that covers damages or losses that may occur during the
transportation of goods.
In which sectors is marine insurance used?
Marine insurance is used by port operators, vessel owners, freight forwarding companies,
shipbuilding companies and other stakeholders in the maritime sector.
What items does Valuable Goods Transport Insurance cover?
It is a special type of cargo insurance that covers the risks associated with the transport of
valuable goods (such as gold, jewellery, works of art, etc.).
What does liability insurance cover?
These are types of insurance that cover third-party damages or liabilities arising from
transport operations.
Why is freight insurance important?
Freight insurance ensures the financial security of businesses by minimising material
losses or damages that may occur during the transport process.
In which sectors is marine insurance used?
Marine insurance is used by port operators, vessel owners, freight forwarding companies,
shipbuilding companies and other stakeholders in the maritime sector
What are the general risks that may arise during transport?
Risks such as collision, fire, theft, natural disasters, accidents, and loss or damage to cargo
are among the general risks that may be encountered during the transport process.
How is the premium calculated for freight insurance?
Premium calculation is based on factors such as the type and value of the goods to be
transported, the method of transport, the scope of insurance, and risk analyses.
What should be considered when taking out an insurance policy?
When purchasing an insurance policy, attention should be paid to factors such as the
extent of the cover, the insurance premium, payment terms, excesses, and the insurer’s
reputation.
How is freight insurance applied for?
A claim for cargo insurance is typically made through insurance brokers or by applying
directly to insurance companies. The necessary documents and information are provided
during the application process.
Can an insurance policy be cancelled?
An insurance policy can generally be cancelled or amended under certain conditions. The
cancellation process and any potential penalties are specified in the policy terms and
conditions.
How is insurance compensation claimed?
Damages arising in accordance with the conditions specified in the insurance policy are
reported to the insurance company, and the claims process is initiated. The insurance
company assesses the extent of the damage and the scope of the policy before making the
compensation payment.