Marine Hull

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.

Ship owners, charterers, shipbuilders, bankers, financiers of ships or vessels and any individuals with Insurable interest.

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


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


  • 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.

How to Claim

In the event of a casualty likely to give rise to a claim under the policy, the insured must:

  •  Immediately notify the insurance company by phone, email, fax or in writing.
  •  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 Oceangoing Vessels where necessary.
  •  Submit a Claim Form Duly filled in to the insurance company.
  •  Take all necessary steps to minimize loss.
  • Essential Documents:

  •  Claim Form duly filled in with supporting 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
  • 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.