Ship-owners and ship managers are exposed to various maritime perils. Marine Hull Takaful is a specialized type of Takaful as it requires careful study of each type of Hull. We help ship-owners protect their assets and liability exposure.
Whether you are cruising along the coast, out fishing, racing or simply having fun, don’t let your plans get washed overboard by unexpected events.
- Risk Covered
- Perils of the seas, rivers, lakes or other navigable waters
- Fire, Explosion
- Violent theft by persons from outside the vessel
- Contact with land conveyance, dock or harbor equipment or installation Earthquake volcanic eruption or lightning
- Accidents in loading discharging or shifting cargo or fuel
- Bursting of Boilers, breakage of shafts or any latent defect in the machinery or hull
- Negligence of Master Officers Crew or Pilots
- Negligence of repairers or charterers provided such repairers or charterers are not themselves the Participant under PMD
- Barratry of Master Officers or Crew Contact with aircraft, helicopters or similar objects, or objects falling therefrom
Marine Hull-Pleasure Craft
This Takaful covers Pleasure craft, Motorboats, Jet Skis, Yacht, Sailing boats or other similar properties. Whether used for private pleasure or for commercial pleasure and recreational purpose.
The Takaful covers perils of the seas, rivers, lakes or other navigable waters and loss/damage to the property of the Participant caused by:
Stranding, sinking etc.
General average, salvage charges.
Piracy, Kidnapping & Ransom.
Contact with aircraft or similar objects, or objects falling there from, land conveyance, dock or harbor equipment or installation.
Earthquake volcanic eruption or lightning.
- Key Benefits
- Information Required
- Details regarding floating entity- model etc
- Related Documents- (Permits etc)
- Sea Worthiness/Fitness of the craft