Strike & Delay Cover Insurance
Strike & Delay Cover Insurance and other “onshore” incidents is an additional cover under Hull & Machinery Policy and very similar to Loss of Hire Insurance.
This cover allows Shipowner or Charterer to minimize their expenses when delay of the vessel is caused by unforeseen “onshore” circumstances, which are beyond Client’s control. These are enumerated in the policy and usually insured events are fire, explosion, port/waterway closure, bad weather conditions, boycotts, strikes of stevedores and other port services etc
Under certain conditions it is also possible to include coverage for unexpected events onboard: strike of the crew, machinery breakdown, deviation due to illness of the crew members, quarantine etc
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