Products and services

Additional Products

Tailored to meet the specific needs of your operations

At NNPC Marine Insurance, we understand that the maritime industry faces a wide range of unique risks that extend beyond standard P&I cover. Our Additional Products are designed to provide tailored solutions for specialized activities, contractual liabilities, and unforeseen challenges that shipowners, operators, and charterers may encounter.

Specialist Operations

The additional “Specialist Operations” cover provides insurance for specialized activities that are not covered under standard P&I cover, such as offshore operations, dredging activities, ROV operations, and cable works. At NNPC Marine Insurance, you can obtain tailored additional cover and technical advice for these risks which will seamlessly align with your P&I cover.

Contractual Extension

The additional “Contractual Extension” cover provides insurance for contractual liabilities that go beyond standard P&I cover, for example in relation to wreck removal, indemnities, and/or specific insurance limits. At NNPC Marine Insurance, you can obtain tailored additional cover and technical advice for these risks, ensuring that the cover aligns with your P&I cover.

Shipowners Liability (SOL)

Shipowners Liability (SOL) is an additional insurance cover for shipowners that which covers certain risks that are excluded under the standard P&I cover. For example, risks associated with deviations from the agreed route and unloading without a bill of lading. By taking out an SOL cover you ensure appropriate protection where standard P&I ends, safeguarding you against financial setbacks.

Hull

Hull insurance covers the material damage to your own ship. Whereas P&I only compensates damage to third parties, hull insurance ensures that repair or replacement of your own vessel is covered in the event of accidents or external causes. This cover can be also extended with modules such as “Increased Value”, “Loss of Hire”, and “War & Strikes”. NNPC Marine Insurance can facilitate this insurance for you based on 100% Lloyd’s cover.

Strike & Delay

Strike & Delay insurance provides cover against the financial impact of delays caused by certain specified risks. With this cover, you protect your income against delays to your vessel resulting from external events such as strikes and disruptions, even when these fall outside standard P&I cover.

Kidnap & Ransom

Kidnap & Ransom (K&R) covers costs in the event of hijacking and/or piracy. NNPC Marine Insurance offers a worldwide cover, excluding high-risk areas. For these High Risk Areas (HRA), additional insurance can be arranged.