Insurance for Charterers
Charterers assume significant liability exposures when entering into charter party agreements with vessel owners. Whether operating under time charter arrangements where the charterer controls the commercial employment of the vessel, or voyage charters for specific cargo movements, charterers face risks that require specialized insurance protection.
Under standard charter party terms, charterers can be held liable for damage to the vessel's hull from unsafe orders, cargo damage from improper handling instructions, pollution from bunkers supplied, and various contractual breaches. These exposures can result in substantial claims from shipowners and third parties.
MAXWELL BROKER provides comprehensive charterers liability insurance solutions that address the full spectrum of charter party exposures. Our coverage protects against hull damage claims, cargo liability, pollution incidents, and contractual disputes, enabling charterers to operate with confidence.
