The Club may cover full Protection and Indemnity (P&I) including cargo, crew, collision, fixed and floating objects, oil pollution, deserts, stowaways and refugees, other claims and the legal costs up to USD 500 Million limit of liability.

FD&D policy covers the cost of a wide range of disputes arising out of vessel’s operations. Basically it make sense to say that the policy covers legal dispute costs arising out of charter parties, contracts of carriage, bills of lading and several other contracts like Contracts of Affreightment, Vessel building, sale and purchase, repairs, vessel’s agency, stevedoring, towage and salvage, bunker etc.

The scope of FD&D policy is always separate from risk covered under P&I and H&M cover and therefore it has been kept as a supplement policy, under FD&D cover, IPIC assist their members in providing legal support/advice and …

The Charterers are the party who hires the Ship on her owner’s agreement either directly or through brokers from a point of time and place called the “delivery” for a specified period and/or route or trade. Accordingly ship will be placed at the disposal of the charterers on a consideration to her hire rate and other terms and conditions, which are pre decided in the formal contract name charter-party. The Charterers could be on Time, Voyage, Slot or bareboat (demise).

Since the ship is on charter, which means under the charter party terms and applicable laws the Charterers considered as the legal “carrier” and they are exposed to the several risks like damages to the vessel , cargo, property of third parties, collision / wreck removal , pollution, general average, death & personal injury and quarantine costs etc.

In event or consequence of war or hostilities breakout between two or more countries or civil unrest (belligerents); it is extremely prudent for the ship-owners to insure their interest against the war and marine terrorism perils. These perils include capture, seizure, arrest, restraint, mutiny, detainment, expropriation and any terrorist act or malicious act by foreign State power.

The Master or ship-owner act vigilant and ascertain the reasonable risk on the vessel’s danger on trading to any restricted waters, however the underwriter will be notified prior to entering any proximate breach areas.

The policy may also include additional cover, such as: