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The policy covers ship owners against any loss or damage to ships, tankers, bulk carriers, smaller vessels, fishing boats and sailing vessels including risks of legal liabilities incurred towards Third Parties and Passengers.

WHO CAN TAKE THE POLICY?
Ship owners, charterers, shipbuilders, bankers, financiers of ships or vessels and any individuals with Insurable interest.

PERILS / RISKS
The policy covers perils of the seas, rivers, lakes or other navigable waters against loss/damage caused by:
Fire/explosion
Stranding, sinking etc.
Overturning, derailment (of land conveyance)
Violent theft by persons outside the vessel.
Collision
General average sacrifice, sacrifice, salvage charges
Jettisons
Piracy
Breakdown of or accident to nuclear installations or reactors
Contact with aircraft or similar objects, or objects falling therefrom, land conveyance, dock or harbour equipment or installation.
Earthquake volcanic eruption or lightning.
Crew Negligence.

EXCLUSIONS
The policy does not cover loss/ damage due to:
Deliberate damage/destruction of the vessel by wrongful act of any person
Use of any weapon of war employing atomic / nuclear fission and or fusion.
Radioactive Contamination, Chemical, Biochemical, Biological, Electromagnetic Weapons.
Insolvency or financial default of the vessel owner /operators /charterers
War / civil war, Strike, Riot or Civil Commotion
Any terrorist or person/s acting with political motive

WHAT IS COVERED?
All types of Oceangoing vessels
All type of Coastal/Inland vessels
Yard and pleasure Crafts
Port Crafts
Shipbuilding- construction of vessel
Ship Repairers' Liabilities
Charterers Liabilities
Freight- at -Risks insurance for voyages
Fishing vessels / Trawlers
Sailing Vessels
Jetties (with or without cranes), fixed pontoons/Pontoons Jetties, wharves etc.
Shipbreaking

Note: Policy details given are indicative, not exhaustive. Please contact your nearest FICO office for further details.



In the event of a casualty likely to give rise to a claim the insured must:
Immediately notice to policy issuing office.
Give brief details as to name of vessel, place of occurrence, date & time of casualty, circumstances leading to incident.
Seek appointment of surveyor to inspect and assess loss.
In case of theft – notify police.
In case of fire – secure assistance of fire brigade to extinguish fire.
Seek appointment of adjuster in case of Ocean going Vessels where necessary.
Submit a Claim Form duly filled in.
Take all necessary steps to minimise loss.

ESSENTIAL DOCUMENTS
Certified copy of Note of Protest by master
Marine Casualty Form
Insured's report on occurrence.
Survey Report
Original Repair Bill, Cash Memo, Invoices
Weather Report by Meteorological Department
Affidavits filed by rescue vessels
Certificate of Survey for inland vessels
Registry certificate
Free Board Certificate
Status / copies of Mandatory certificates
Notarized statements from Master and Chief Engineer of the vessel
Log Book extracts (Engine & Deck)
Crew list with details of competency certificates
Claim Form duly filled in with supporting documents

Note: Policy details given are indicative, not exhaustive. Please contact your nearest FICO office for further details.

DOWNLOAD CLAIM FORMS

Fidelity
Marine
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