保险种类.docVIP

保险种类 PI 船东互保 Protection and Indemnity PI Clubs insure shipowners and managers for their liabilities to third parties arising out of the operation of ships. The PI Club do not insure the hull or machinery of a ship, only liabilities. The main elements of PI cover are: personal injuries to crew, stevedores, passengers and other third parties physical damage caused to docks, fixed or floating objects collision damage caused to other ships, wreck removal expenses pollution cargo loss or damage PI Clubs are mutual, that is, they are owned by the policy holders the shipowner members and controlled by a board of directors, largely drawn from the membership. Managers are employed to administer the day to day affairs of the Club. H M 船壳及机械险 War 战争保险 Time charterer default 期租默认值保险 The Time Charter Default Policy provides a guarantee of a secured value for the charterparty in the event of the financial failure or protracted default of the charterer, either because the charterer has become insolvent or has failed to pay within six months of the due date under the charterparty. Ship mortgage indemnity SMI 船舶抵押赔偿保险 This type of Insurance solution indemnifies a bank against financial loss, in the event of the failure of a borrower to repay a loan and the subsequent inability of the bank to recover their debt following sale of the property. Shipping banks are generally comfortable lending around 60-70 percent of the value of a vessel, leaving the ship owner to find the shortfall by way of equity, secondary debt, mezzanine financing, or by any other means. The aim of this solution is to increase the lender′s comfortlevel to also include seconday debt, mezzanine financing etc. Generally some portion of equity is required, and a generally accepted trance guaranteed by SMI is 15-20 percent over the banks otherwise normal comfortlevel. SMI is underwritten on a case by case basis with each transaction being assessed on it’s own merits. Underwriters contractual relations