By Protection & Indemnity policy PYRAMID MARINE OVERSEAS offers insurance protection for ship-owners against:

• claims for damages from various third parties
• claims arising from accidents with crew

- Benefits of this insurance:

• allows to smooth volatility of the company cash flow
• prevents ship owner’s balance sheet from catastrophic losses

 

Scope of Cover

• Liability in respect of seamen
• Liability to persons (other than seamen and passengers)
• Expenses of diversion of an insured ship
• Liability arising from collision with other ships
• Liability for loss of or damage to fixed and floating object
• Liability for environmental pollution
• Liability in respect of towage
• Liability for wreck removal
• Liability in respect of cargo
• Special compensation to salvers
• Liability in respect of war and strike risks

 

 

Target vessels:

Small and medium tonnage of dry cargo ships and bulk carrier

• GCS < GT 10,000,
• bulkers < GT 10,000,
• Fishing < GT 7,000,
• tankers < GT 7,000,

• Port and supply vessels, tugs