27/07/2015
Maritime lien insurance & Charterer’s and bunker supplier’s insolvency insurance:
Two additional covers are now available to Members of the Club. One cover relates to Maritime lien insurance and the other concerns charterer’s and bunker supplier’s insolvency. The covers operate as direct covers between the underwriters (Lloyds) and the Member and the cost is met by the Member concerned. Claims are handled by the Managers subject to the Club’s standard Rules although final settlement of the underlying claims will require the market underwriters’ approval.
