‘Perceptive Underwriting’

Summary

Nexus Marine (formerly known as Beacon Underwriters) has the ability to quote and/or follow an acknowledged market leader in respect of Hull and Machinery insurance of commercial vessels operating in coastal or inland waters.

Product Overview

The salient features of our facility are:

Period:

  • 1st January 2016 to 31st December 2016

Geographical Scope:

  • Asia-Pacific region and as may be agreed by underwriters.

Maximum Limits of Liability:

  • Hull and Machinery- USD3,000,000 each vessel.
  • Hull Interests – USD3,000,000.
  • Third Party Liability – USD3,000,000 any one accident or occurrence.
  • Passenger Liability - USD3,000,000 any one accident or occurrence.
  • War Risks – USD3,000,000 any one accident or occurrence.

Exclusions:

  • Cruise vessels
  • Container vessels
  • Ferries
  • Passenger vessels

Wordings, Conditions, Clauses and Exclusions:

  • London &/or American Institute Clauses &/or other clauses agreed by the underwriter.
  • War & Strikes risks as per London Institute Clauses or American Institute Clauses and Joint War Committee Listed Areas.
  • Institute Radioactive Contamination, Chemical, Biological, Biochemical and Electromagnetic Weapons Exclusion Clause CL 370 10/11/03.
  • Institute Cyber Attach Exclusion Clause CL 380 10/11/03.
  • Sanction Limitation and Exclusion Clause JH2010/009 20/07/2010.
  • False and Fraudulent Claims Clause LMA 5062.

Security:

Lloyd’s syndicates.

CONTACT

Dr. Ravi SHROFF

Dr. Ravi SHROFF

M.D. Beacon Underwriters Ltd

T: +852 2535 8388
E: rshroff@nexusunderwriting.asia