Water transport insurance

Sails have been already filled with wind and you boldly go towards the adventure?
Or cleave  the sea surface with your motor boat?
You are a Captain. A good Captain must consider all the nuances.

To avoid unnecessary risk, we suggest you to insure your vessel.
JSIC "INGO Ukraine" insures vessels of all kinds and cost.
The company offers its customers the comprehensive insurance protection of property interests associated with possession and use of water transport, including the equipment installed.

Types of vessels to be insured:

  • sea-going;
  • river-going;
  • special purpose;
  • boats (yachts, motor boats etc.)

JSIC "INGO Ukraine" makes CASCO insurance of vessels according to the two classical options of insurance coverage:

1. With liability for the total loss and damage.

In this case, those subject to indemnification are:

  • losses due to the total loss of a vessel (actual or constructive) or costs of rectification of damages to the hull, gears, machinery and equipment;
  • losses due to the loss of a vessel without a trace;
  • damages, costs and contributions in respect of general average by the participation of a vessel;
  • necessary and reasonable expenses for the salvage of a vessel;
  • necessary and reasonable costs to prevent, reduce losses or to determine their size, if such losses are caused by an insured event, provided for in the insurance contract.

2. With liability for the total loss.

In this case, those subject to indemnification are:

  • losses due to the total loss of a vessel (actual or constructive);
  • losses due to the loss of a vessel without a trace;
  • damages, costs and contributions in respect of general average by the participation of a vessel;
  • necessary and reasonable expenses for the salvage of a vessel;
  • necessary and reasonable costs to prevent, reduce losses or to determine their size, if such losses are caused by an insured event, provided for in the insurance contract.

It may additionally be insured, if a Сustomer  whishes so, the losses due to:

  • the Assured’s obligation to pay for damages to the owner of other vessel due to collision of vessels;
  • the Assured’s obligation to pay for damages to third parties due to damages caused by the insured vessel to a floating, fixed or other object;
  • loss of freight in the period of emergency downtime;
  • military actions or measures and their consequences, civil wars, civil unrest, labor disputes
  • CASCO contract of vessel insurance is concluded for a definite period or for a voyage.