Major Claims and Loss Prevention in Marine Insurance
Managing risks at sea requires a clear understanding of Major claims and loss prevention, as these incidents directly influence operational continuity, costs, and insurance exposure. By identifying the main sources of major losses, shipowners can take more effective preventive action. Understanding Major Claims in Marine Insurance This section introduces how major claims arise and why […]
Renewal Process for P&I Policies
The renewal process for P&I policies is a vital annual activity for shipowners, operators, and brokers. It ensures continuous insurance protection against third-party liabilities such as crew injuries, pollution, and cargo loss. Understanding the timeline, requirements, and negotiation process helps you maintain the right coverage at fair cost — and avoid gaps that could expose […]
Wreck Removal and Salvage Costs: What Owners, Insurers and Stakeholders Need to Know
When a ship runs aground, sinks, or becomes stranded, one of the most challenging and expensive tasks that follows is dealing with wreck removal and salvage costs. These operations involve complex logistics, strict legal obligations, and significant financial implications for shipowners, insurers, and even governments. Understanding how these costs arise—and how they can be managed—is […]
InsurTech in Marine Insurance: How Technology Is Changing the Industry
Marine insurance has always been at the heart of global trade, but today it faces rising complexity, costs, and risks. InsurTech — the use of technology to modernize insurance — is reshaping how marine insurers assess risks, issue policies, and handle claims. This article explores how InsurTech is transforming marine insurance, the key technologies driving […]
Hull & Machinery vs Cargo vs P&I Insurance: Key Differences Explained
Marine insurance often confuses shipowners, charterers, and cargo owners because each policy covers different risks. The three most common forms—Hull & Machinery, Cargo, and P&I insurance—are essential in global trade. This article gives you a quick comparison and explains their core differences. 1. Quick Comparison Before diving into details, the following table shows the main […]
What is Marine Insurance?
Marine insurance protects goods, ships, and cargo owners against risks during sea transport. This guide explains its definition, types, coverage, and importance in global trade. 1. Understanding Marine Insurance Marine insurance is one of the oldest branches of insurance, created to protect maritime trade from unpredictable risks. To better understand it, we need to look […]
FD&D (Freight, Demurrage & Defence Coverage) Insurance Explained
FD&D Insurance (Freight, Demurrage & Defence) is a specialized form of legal cost insurance for charterers and shipowners, designed to bridge gaps in traditional marine covers like P&I or Hull & Machinery (H&M). Since its mutual-class launch in the mid-1980s, FD&D has evolved into a cornerstone of marine legal cover, offering members expert guidance and […]
Charterer Liability Insurance: Complete Guide for Ship Charterers
Charterer liability insurance protects charterers from financial losses arising from their legal responsibilities during vessel use. In this guide, you’ll learn what it covers, why it’s essential, and how to choose the right policy. Below is a Summary Table of Coverages and Risks. It has four columns: Risk Type: The category of potential loss Coverage […]
All Risks Cargo Insurance: Comprehensive Protection for Your Shipments
All Risks Marine Cargo Insurance: Comprehensive Protection for Your Maritime Shipments At Arctic Pandi, we recognize the critical importance of safeguarding your maritime shipments. Our All Risks Marine Cargo Insurance provides the broadest and most comprehensive protection available for goods transported by sea, ensuring coverage against almost all physical loss or damage during the voyage, […]
Cargo Insurance: Complete Guide to Coverage, Costs, and Best Providers
Cargo Insurance Cargo Insurance is a critical safeguard for businesses that transport goods across the globe. Whether your shipments travel by sea, air, road, or rail, cargo insurance protects against loss, damage, or theft during transit. At ARCTIC PANDI — Leading Marine Insurance Provider, we design bespoke cargo insurance policies to ensure your cargo arrives safely and […]