Hull & Machinery insurance cover vessel damage, total loss and collision liabilities (RDC / FFO). Tailored made policies for the uniqueness of each client where the policy form will be carefully selected and negotiate the best suitable terms. Our team has deep knowledge in ITC, ADS/DTV, Nordic Plan and AHIF.

Ancillary Interests is an additional insurance which covers additional costs arising from the total loss of a vessel but also other interests such as equipment, disbursements, stores etc. This insurance will also cover financial interests in the increased value of the vessel relating to earnings’ potential.

Hull & Protection & Indemnity insurance provides cover for third party liabilities, costs and expenses associated with the vessel operations such as cargo, crew liabilities (injury / loss of life), collision liabilities, war risks and other legal and tortious liabilities.

The P&I insurance is provided mainly by mutual insurance associations (IG Clubs) and also fixed premium Clubs. Most of the Clubs can also offer defence cover for legal costs i.e. Freight Demurrage & Defence (FD&D).

War Risks insurance covers Hull and P&I risks of the vessel due to war and war related perils. The cover can be extended and tailor made for client’s needs and fleet profile, whilst offering competitive terms and wide coverage.

Kidnap and Ransom insurance provides coverage to vessel’s crew and vessel itself in case of piracy event where ransom and other expenses are incurred in such incident.

Our team can address the risks of companies with international import and export trade, and coverage can be provided includes but not limited to the following:

• Transit insurance including road, rail, sea, pipeline, air, barge, and post.
• War and strike risks,
• Storage, stock throughputs,
• Political risks,
• Contractors working equipment,
• Consequential loss (marine business interruption or projects)
• Trade disruption,
• Cable laying and maintenance

Loss of Hire insurance covers the earnings following an incident causing physical damage to the vessel, excluding total loss. Coverage can be extended to include more perils (marine and non-marine).

Coverage against claims of negligent performance for intermediaries (Ship Managers, Crew Managers, Ship Brokers, Ship Agents, Supervisors, Consultants and others).

Globalstar Insurance Brokers Limited has both the experience and the network connections to provide bespoke products to ensure the best possible coverage at competitive terms. All the main types of coverage can be arranged including H&M, I/V, War Risks and P&I (including FD&D).

Insurance covers for 3^rd party exposures such as:

• Charterers liability,
• Port risks,
• Ship repairer’s liability,
• Towage liability,
• Political risks,
• Port & terminal operators,
• Freight forwarder’s liability,
• Ship agent’s liability

We have the expertise and knowledge to arrange marine insurance policies for any other marine risk such as:

• Cyber Risks,
• Delay in delivery,
• Construction / Conversion & repair risks,
• Mortgagees’ interest & mortgagees’ additional perils,
• Shipyards & related risks,
• Offshore related risks,
• Specialized coverage for Crew and other employees