In an era where political unrest, strikes, and extreme weather have become part of everyday life, NNPC Marine Insurance is now introducing the Strike & Delay cover as an addition to its existing product range.
The Strike & Delay coverage protects shipowners and charterers against the financial consequences of unforeseen delays caused by 30 specific risks, whether occurring on board the vessel or ashore. Since the cover is based on the vessel’s daily revenue, hire, or operating costs, the compensation is precisely aligned with the actual days the ship is out of service.
Furthermore, the Strike and Delay cover can be seamlessly integrated with your existing insurances, such as:
- P&I
- Loss of Hire
- Hull & Machinery
- War
- Charterers Liability
With this additional product, NNPC Marine Insurance offers extra protection for your income against unpredictable risks that cause your vessel to be delayed or immobilized.
Key features:
- Coverage based on revenue, daily hire, or operating costs;
- Maximum coverage: 20 days
- Minimum deductible: 1 day
Interested?
Would you like more information about the full scope of coverage, the terms and conditions, or to request a non-binding right away? Please feel free to contact our Underwriting department via underwriting@nnpc-marine.com.
