Offshore Extension

P&I Class members can extend their cover for offshore risks and other activities that are excluded under the International Group Pooling Agreement.

Typical vessels requiring such extensions include;

  • Anchor-handling tug supply vessels
  • Platform supply vessels
  • Cable and pipe laying ships
  • Windfarm installation and maintenance vessels
  • Diving support supply vessels and barges
  • Dredgers
  • Geographical survey ships
  • Heavy lift ships
  • Offshore construction vessels
  • Power generation vessels
  • Floating Storage Regassification Units (FSRUs)

It is a flexible cover which can be tailored as required dependent on contract, scope of work and the individual projects being undertaken.

  • Specialist operations: P&I liabilities arising during the course of performing specialist operations, such as dredging, cable and pipe laying, construction, installation and maintenance, which arise from the specialist nature of these operations. Excludes liabilities for failure to perform, fitness for purpose, quality of the work or loss/damage to the contract work.
  • Underwater vehicles: P&I liabilities arising out of the operation of underwater vehicles, including remotely operated vehicles, submarines, mini-submarines, sea ploughs, scarabs and diving bells. Excludes loss or damage to these vehicles.
  • Divers: P&I liabilities arising out of the activities of professional or commercial divers where the member is responsible for such activities. Excludes contractual liability for death, illness or injury of the divers.
  • Property on board: P&I liabilities assumed under contract in respect of loss or damage to property (other than cargo, stores or fuel) on board the entered vessel or being used from the vessel.
  • Contractual liabilities: P&I liabilities assumed under contract that are more onerous than liabilities at law or are excluded under the terms of the International Group Pooling Agreement.

Related content

Contact our Offshore underwriting team.

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