Hull and Machinery Insurance
The subject of hull and machinery war risk insurance is, as in general marine insurance, the vessel itself. Under the DNK cover, loss, damage or collision liability and hull/freight interests are covered if the event causing the damage is a war peril.
In addition to the standard hull and machinery type losses (cf. chapter 15-2 of the Nordic Marine Insurance Plan 2013, Version 2016 - NMIP), the DNK war risk insurance will also compensate the owner for the total loss of the ship if he has been deprived of the ship by the intervention of a foreign State power, or if the ship is prevented from leaving a port or a similar limited area.
DNK covers conventional ships, FPSO vessels and movableoff shore units (MOU) as well as cruise vessels and passenger vessels/ferries. For mobile structures, an extended hull cover according to Chapter 18 of the Plan applies.
For more questions regarding hull and machinery cover, please contact email@example.com