Page 5 - Layout 1
P. 5
Hull and Machinery
Good relationships and close cooperation with our members are the hallmarks of our H&M claims handling process. We
can offer on-site assistance from our in-house surveyor and/or technical experts, while claims are generally adjusted by
our team of in-house adjusters, offering time and cost beneits both to you and the Club.
The Swedish Club has a highly qualiied service organisation available to assist you 24/7 and we are always willing to
discuss speciic requirements and customised solutions.
Increased Value Insurance and H
&M
Freight Interest Insurance
This product covers against total loss of the insured vessel and is an extension
of the H&M cover, activated only if the vessel is a total loss or a constructive
In
total loss.c
re
a
A total loss of the vessel can result in a situation where the hull value insured se
d
is not enough to cover the costs of replacing the lost vessel, and can also V
a
result in lost income. These increased value insurances make it possiblel
for the shipowner to replace the vessel and to mitigate the economic u
e
effects of a total loss.
Loss of Hire and Delay Cover
e
The Swedish Club’s Loss of Hire insurance will protect against an ri
H
unexpected shortfall in earnings due to physical damage to a vessel, whichf
o
can prove useful to an owner operating on tight margins.ss
o
L
The Swedish Club’s Delay Cover offers the opportunity for owners and
charterers to extend the loss of hire in protection for detentions beyond
physical damage.
sk
siR
War RisksraW
War perils are typically excluded under standard H&M conditions. The Swedish Club offers owners and
charterers comprehensive worldwide war risk cover based on the war conditions associated with the entry for
H&M conditions. In addition, the war cover has separate independent limit for liability risks, with a general six months
blocking and trapping cover, and a Loss of Hire cover up to six months.
The Swedish Club