Recognising that some members face increased exposure beyond mutual limits, we are able to offer extended tailored delay cover for key exposures.
What is tailored Strike and Delay cover?
Tailored delay offers members the opportunity to extend cover beyond the mutual limits for key exposures up to 180 days.
What risks can I protect myself from?
Unexpected delays arising from
- Discovery of contraband
- Discovery of stowaways
- Action of Authorities
- Illness, injury or death of crew
- Desertion of crew
Who buys the cover?
Vessel operators with an increased exposure to these risks due to:
- Nature of the trade
- Geographical "hot spots"
- Contracting terms
Reefer operators in the LATAM region buy extended limits for contraband and actions of authorities.
Traders to Africa buy extended cover for delay arising from discovery of stowaways.
|Discovery of contraband
Ø Drugs discovered welded to the hull of the vessel. Venezuelan local authorities arrested the vessel for several months.
Ø Claims up to 90 days (1 day deductible)
How does it work?
The required risks are quoted in excess of the normal Strike and Delay cover limits. The cover extension is offered on a fixed premium basis.
How do I get a quote?
Contact a member of the Strike and Delay team on the right.