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Building, financing and operating a vessel is a multi-million investment, which, given the nature of the risks involved, requires thoughtful planning from all parties involved (shipbuilders, financiers, owners/buyers). It is therefore very important that all parties make inter alia insurance arrangements which will cover the respective risks they are exposed to. This chapter will focus on the insurance coverage taken out by the shipyard, the vessel’s financiers and the shipowners (as operators of the vessel). Due to spatial constraints, this chapter will only provide a concise discussion of the pertinent insurance policies and will not delve into a detailed analysis of their provisions.
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- Marine Insurance
Marc A. Huybrechts
- Palgrave Macmillan UK
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