Additional Insurance – Owners P&I

Shipowners’ Liability to Cargo (SOL)

Cover for various risks related to breaches of the contract of carriage of cargo.

Who can be covered?
Members with existing full P&I cover with The Swedish Club.

Limits: Max USD 50 million

Deductibles: Standard Cargo deductible

Extended Crew Cover

Protects a shipowner and provides insurance for crew liabilities and liabilities against third-party interests not covered under P&I insurance. Circumstances covered include:

• Pre-delivery crew
• Crew attending at a shipyard
• Crew attending training courses
• Superintendents at a shipyard or on board

Who can be covered?
Shipowners covered by The Swedish Club for P&I

Limits: USD 10 million

Deductibles:
Crew liabilities: agreed crew deductible
Third-party liabilities: USD 20,000

Exxon GA Clause Insurance

Some oil companies include a clause limiting their responsibility for General Average (GA) in charterparties for tankers. 

Who can be covered?
Owners

Limits: USD 10 million

Deductibles: USD 50,000

North America Clean-up Cover

The United States requires shipowners to have an oil spill contingency plan. 

Who can be covered?
Shipowners and/or charterers who are members of an International Group P&I Association

Limits: USD 25 million, option USD 50 million, for any one accident or occurrence or series of accidents or occurrences arising out of one event.

Deductibles: USD 25,000 for any one accident or occurrence or series of accidents or occurrences arising out of one event.