Trade Disruption Insurance (TDI) can respond in three specific ways:

Loss of Revenue

A vessel can be covered for its daily loss of earnings following the occurrence of one of 22 named perils, including:

  • Machinery breakdown
  • Berth obstruction
  • Extraordinary weather
  • Political risks

For hull and machinery claims daily insured sums are usually "fixed and agreed, chartered or unchartered".

Additional Costs and Expenses

Cover for specific costs incurred to enable an insured vessel and its cargo to proceed to the intended destination following the occurrence of an insured peril.

  Contractual Penalties

Operators may have contracts of affreightment binding them to the provision of services within a specific period. Failure to do so could result in heavy financial liability. We can tailor a TDI cover to respond to such liability.

What Perils can be insured against ?    More Details