(b) Marine Hull Insurance
Cover - Any loss or damage to ships, tankers, bulk carriers, smaller vessels, fishing boats and sailing vessels.
Owners or bankers of ships or vessels can be insured.
The various vessels that are covered under this policy are:
➢ Fishing Vessels
➢ Ocean Going Vessels
➢ Sailing Vessels
➢ Other Vessels
Cover the following risks:
➢ Fire or explosion; stranding, sinking etc.
➢ Overturning, derailment ( of land conveyance)
➢ Collision
➢ General average sacrifice, salvage charges
Exclusions:

➢ 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
➢ 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