Inland
Our involvement in inland craft dates back to the early 60’s of the last century. In these years inland shipping went through major changes driven by market demands. Furthermore, the inland craft community has been (and still is) confronted with national and EU regulations resulting in new or increased liabilities. Post & Co has been a solid partner for all of the segments of the inland craft industry ever since by offering innovative insurance solutions and tailor-made cover.
Approximately 5,000 inland craft vessels place their marine liability insurance arrangements via Post & Co, of which the vast majority are covered under our European Inland and Short Sea Facility (E.I.S.S.F). This facility is backed up by Steamship Mutual, a long established P&I Club forming part of the International Group of P&I Clubs.
Over the years we have established longstanding relationships with marine insurance brokers, mutual hull insurers, surveyors, law firms, (semi) governmental authorities as well as various organizations representing the interests of the inland craft industry throughout Europe. This network guarantees a continuous flow of information and enhances our knowledge from both a theoretical and practical perspective. We apply this knowledge in our day-to-day operations to ensure quality and up to date solutions and service.
Our solid network and industry knowledge enables us to introduce innovative quality products (for example ‘delay cover’ and the insurance of extra costs for the delivery of (containerized) cargo as developed by Post & Co).
Our dedicated and specialised team is taking care of underwriting, documentation, administration and claims handling. Please contact our team to obtain advices on cover possibilities and the products and services we can provide, such as but not limited to those mentioned at the top of this page.
Owners
Charterers
P&I insurance covers the liabilities resulting from operations of the vessel and has originally been initiated by ship owners. Apart from this category, also other operators like managers and charterers can be covered for these risks.
P&I Insurance covers Assured’s liabilities such as (but not limited to):
• Personal injury of seamen, passengers and others on board
• Loss or damage of cargo
• Pollution
• Wreckremoval
• (Excess) collision with other vessels and property
• Towage
• Property on board
P&I Insurance covers Assured’s liabilities such as (but not limited to):
• Personal injury of seamen, passengers and others on board
• Loss or damage of cargo
• Pollution
• Wreckremoval
• (Excess) collision with other vessels and property
• Towage
• Property on board
Freight, Demurrage & Defence covers the legal expenses of the Assureds to defend their position in disputes which do not fall under the P&I insurance. These can be disputes in respect of Charter Parties, Bills of Ladings, Contracts of Carriage and disputes related to demurrage, freight payment, etc. The insurance covers the legal expenses in respect of these proceedings, not the actual amounts under dispute.
The conventional P&I insurance covers the legal liabilities of the assured. Legal liabilities arise from national laws and international conventions and depend on the trade and the operation of the vessel. The Clubs / insurers expect their members / assureds to conclude contracts based on unaltered conditions for certain trades and operations such as the CMNI for the international carriage of goods over inland waterways.
Furthermore, there are standard conditions, which if unaltered, are generally accepted such as “de Algemene Duwcondities”, “Internationale Verlade und Transport Bedingungen”, “CBRB vervoersvoorwaarden”, “Bevrachtingsvoorwaarden” and certain so called knock for knock contracts like “Towcon”, “Towhire” for towing contracts and Supplytime 2005 for the offshore industry.
Any amendment to the standard accepted conditions need special attention and where necessary additional cover has to be arranged. Post & Co will be pleased to assist in arranging cover for such contractual liabilities.
Furthermore, there are standard conditions, which if unaltered, are generally accepted such as “de Algemene Duwcondities”, “Internationale Verlade und Transport Bedingungen”, “CBRB vervoersvoorwaarden”, “Bevrachtingsvoorwaarden” and certain so called knock for knock contracts like “Towcon”, “Towhire” for towing contracts and Supplytime 2005 for the offshore industry.
Any amendment to the standard accepted conditions need special attention and where necessary additional cover has to be arranged. Post & Co will be pleased to assist in arranging cover for such contractual liabilities.
Covers loss of revenue, additional costs, expenses and contractual penalties resulting from a range of perils including machinery breakdown, political risks, strikes, earthquakes and other incidents resulting in delay of the vessel.
From time to time container carriers become involved in a casualty as a result of which the containers can not be delivered in time to their destination. In practice, the container operator often will try to arrange alternative transport in order to protect his commercial interests and such extra costs are not recoverable under the P&I insurance.
It is therefore that Post & Co offers since 1996 an additional cover against the costs and expenses involved with the timely delivery of those containers in situations where the insured vessel is delayed following an accident where the damage arising to the vessel is insured under the regular Hull and machinery policy.
Meanwhile, this additional cover can also be taken out for other types of cargo than containers.
For further information or a quotation please contact our team.
It is therefore that Post & Co offers since 1996 an additional cover against the costs and expenses involved with the timely delivery of those containers in situations where the insured vessel is delayed following an accident where the damage arising to the vessel is insured under the regular Hull and machinery policy.
Meanwhile, this additional cover can also be taken out for other types of cargo than containers.
For further information or a quotation please contact our team.
For many years Post & Co provides the possibility for individual inland shipowners, who have placed their P&I insurance within our own facility, to extend their insurance package with a general liability insurance. The background for providing this insurance originates from the day to day practice where, on a regular basis, we are confronted with claims which have occurred in the borderland of P&I and general liability. Our general liability insurance covers claims by third parties for both bodily injury and property damage arising from the actions of the insured in its capacity as owner / operator of barges.
In 2001 Post & Co introduced the Delay cover for all Members of Steamship Mutual E.I.S.S.F.
The extension covers the financial losses incurred by the Member as a direct consequence of the entered vessel concerned being delayed following an obstruction of any navigable waterway or port as a direct result of an accident to a bridge, lock, dike or similar structure, as a result of coming into contact with a vessel or vessels and/or sinking of another ship and/or her cargo or part thereof, and/or a collision between other ships, and/or pollution by any substance from any source.
Other events, having the same effect can be covered but only to the extent that the Directors of the Club in their absolute discretion decide that the Member should recover from the Club.
Cover for delay is subject to the provisos that:
• the appropriate Authorities have prohibited the free use of the waterway for all ships of the same type and size as the entered vessel and this extension shall only take effect from the time and date of such prohibition;
• the entered vessel has not contributed to the accident in any way whatsoever, or howsoever, directly or indirectly;
• Cover hereunder shall be subject to a deductible of 48 hours each incident, per vessel.
• cover hereunder shall be subject to a Limit of 20 days each incident, per vessel, or 30 days in the aggregate, per vessel, per Policy Year;
• Cover is restricted to a figure of EUR 0.50 per entered ton per day, per vessel, pro rata, per hour or EUR 0.50 per KW engine power for tugs and push boats per day, per vessel, pro rata, per hour.
The limit of liability for delay cover amounts USD 5,000,000 any one incident, all vessels in the aggregate.
Over the years the delay cover has proven its value. The delays in consequence of among other things the incidents with the “Excelsior” and the “Waldhof” have contributed to the increased demand for this product. Meanwhile there is a possibility to extend the standard delay cover by reducing the deductible and increasing the daily amount to be paid to € 0.50 per entered Ton.
If you need further information or a quotation to extend the standard delay cover please contact us.
The extension covers the financial losses incurred by the Member as a direct consequence of the entered vessel concerned being delayed following an obstruction of any navigable waterway or port as a direct result of an accident to a bridge, lock, dike or similar structure, as a result of coming into contact with a vessel or vessels and/or sinking of another ship and/or her cargo or part thereof, and/or a collision between other ships, and/or pollution by any substance from any source.
Other events, having the same effect can be covered but only to the extent that the Directors of the Club in their absolute discretion decide that the Member should recover from the Club.
Cover for delay is subject to the provisos that:
• the appropriate Authorities have prohibited the free use of the waterway for all ships of the same type and size as the entered vessel and this extension shall only take effect from the time and date of such prohibition;
• the entered vessel has not contributed to the accident in any way whatsoever, or howsoever, directly or indirectly;
• Cover hereunder shall be subject to a deductible of 48 hours each incident, per vessel.
• cover hereunder shall be subject to a Limit of 20 days each incident, per vessel, or 30 days in the aggregate, per vessel, per Policy Year;
• Cover is restricted to a figure of EUR 0.50 per entered ton per day, per vessel, pro rata, per hour or EUR 0.50 per KW engine power for tugs and push boats per day, per vessel, pro rata, per hour.
The limit of liability for delay cover amounts USD 5,000,000 any one incident, all vessels in the aggregate.
Over the years the delay cover has proven its value. The delays in consequence of among other things the incidents with the “Excelsior” and the “Waldhof” have contributed to the increased demand for this product. Meanwhile there is a possibility to extend the standard delay cover by reducing the deductible and increasing the daily amount to be paid to € 0.50 per entered Ton.
If you need further information or a quotation to extend the standard delay cover please contact us.
Just like Owners and Managers, Charterers should take out insurance to cover their liabilities resulting from the operations of the vessel.
P&I insurance covers Assured’s liabilities such as (but not limited to):
• Personal injury of seamen, passengers and others on board
• Loss or damage of cargo
• Pollution
• Wreckremoval
• (Excess) collision with other vessels and property
• Towage
• Property on board
P&I insurance covers Assured’s liabilities such as (but not limited to):
• Personal injury of seamen, passengers and others on board
• Loss or damage of cargo
• Pollution
• Wreckremoval
• (Excess) collision with other vessels and property
• Towage
• Property on board
In addition to the Charterers’ P&I risks, Charterers may be liable for damage to the vessel, occurring during the charter period. P&I insurance does not cover damage to the vessel. Charterers therefore have to take out Damage to Hull insurance, covering liability of the Charterer for such damage.
Post & Co provides dovetailed cover for Charterers and we invite you to approach us for further information with regard to our insurance solutions for Charterers.
Post & Co provides dovetailed cover for Charterers and we invite you to approach us for further information with regard to our insurance solutions for Charterers.
Freight, Demurrage & Defence covers the legal expenses of the Assureds to defend their position in disputes which do not fall under the P&I insurance. These can be disputes in respect of Charter Parties, Bills of Ladings, Contracts of Carriage and disputes related to demurrage, freight payment, etc. The insurance covers the legal expenses in respect of these proceedings, not the actual amounts under dispute.
The conventional P&I insurance covers the legal liabilities of the assured. Legal liabilities arise from national laws and international conventions and depend on the trade and the operation of the vessel. The Clubs / insurers expect their members / assureds to conclude contracts based on unaltered conditions for certain trades and operations such as the CMNI for the international carriage of goods over inland waterways.
Furthermore, there are standard conditions, which if unaltered, are generalle accepted such as “de Algemene Duwcondities”, “Internationale Verlade und Transport Bedingungen”, “CBRB vervoersvoorwaarden”, “Bevrachtingsvoorwaarden” and certain so called knock for knock contracts like “Towcon”, “Towhire” for towing contracts and Supllytime 2005 for the offshore industry.
Any amendment to the standard accepted conditions need special attention and where necessary additional cover has to be arranged. Post & Co will be pleased to assist in arranging cover for such contractual liabilities.
Furthermore, there are standard conditions, which if unaltered, are generalle accepted such as “de Algemene Duwcondities”, “Internationale Verlade und Transport Bedingungen”, “CBRB vervoersvoorwaarden”, “Bevrachtingsvoorwaarden” and certain so called knock for knock contracts like “Towcon”, “Towhire” for towing contracts and Supllytime 2005 for the offshore industry.
Any amendment to the standard accepted conditions need special attention and where necessary additional cover has to be arranged. Post & Co will be pleased to assist in arranging cover for such contractual liabilities.
In 2001 Post & Co introduced the Delay cover for all Members of Steamship Mutual E.I.S.S.F.
The extension covers the financial losses incurred by the Member as a direct consequence of the entered vessel concerned being delayed following an obstruction of any navigable waterway or port as a direct result of an accident to a bridge, lock, dike or similar structure, as a result of coming into contact with a vessel or vessels and/or sinking of another ship and/or her cargo or part thereof, and/or a collision between other ships, and/or pollution by any substance from any source.
Other events, having the same effect can be covered but only to the extent that the Directors of the Club in their absolute discretion decide that the Member should recover from the Club.
Cover for delay is subject to the provisos that:
• the appropriate Authorities have prohibited the free use of the waterway for all ships of the same type and size as the entered vessel and this extension shall only take effect from the time and date of such prohibition;
• the entered vessel has not contributed to the accident in any way whatsoever, or howsoever, directly or indirectly;
• cover hereunder shall be subject to a deductible of 48 hours each incident, per vessel;
• cover hereunder shall be subject to a Limit of 20 days each incident, per vessel, or 30 days in the aggregate, per vessel, per Policy Year;
• cover is restricted to a figure of EUR 0.50 per entered ton per day, per vessel, pro rata, per hour or EUR 0.50 per KW engine power for tugs and push boats per day, per vessel, pro rata, per hour
The limit of liability for delay cover amounts USD 5,000,000 any one incident, all vessels in the aggregate.
Over the years the delay cover has proven its value. The delays in consequence of among other things the incidents with the “Excelsior” and the “Waldhof” have contributed to the increased demand for this product. Meanwhile there is a possibility to extend the standard delay cover by reducing the deductible and increasing the daily amount to be paid to € 0.50 per entered Ton.
If you need further information or a quotation to extend the standard delay cover please contact us.
The extension covers the financial losses incurred by the Member as a direct consequence of the entered vessel concerned being delayed following an obstruction of any navigable waterway or port as a direct result of an accident to a bridge, lock, dike or similar structure, as a result of coming into contact with a vessel or vessels and/or sinking of another ship and/or her cargo or part thereof, and/or a collision between other ships, and/or pollution by any substance from any source.
Other events, having the same effect can be covered but only to the extent that the Directors of the Club in their absolute discretion decide that the Member should recover from the Club.
Cover for delay is subject to the provisos that:
• the appropriate Authorities have prohibited the free use of the waterway for all ships of the same type and size as the entered vessel and this extension shall only take effect from the time and date of such prohibition;
• the entered vessel has not contributed to the accident in any way whatsoever, or howsoever, directly or indirectly;
• cover hereunder shall be subject to a deductible of 48 hours each incident, per vessel;
• cover hereunder shall be subject to a Limit of 20 days each incident, per vessel, or 30 days in the aggregate, per vessel, per Policy Year;
• cover is restricted to a figure of EUR 0.50 per entered ton per day, per vessel, pro rata, per hour or EUR 0.50 per KW engine power for tugs and push boats per day, per vessel, pro rata, per hour
The limit of liability for delay cover amounts USD 5,000,000 any one incident, all vessels in the aggregate.
Over the years the delay cover has proven its value. The delays in consequence of among other things the incidents with the “Excelsior” and the “Waldhof” have contributed to the increased demand for this product. Meanwhile there is a possibility to extend the standard delay cover by reducing the deductible and increasing the daily amount to be paid to € 0.50 per entered Ton.
If you need further information or a quotation to extend the standard delay cover please contact us.
From time to time container carriers become involved in a casualty as a result of which the containers can not be delivered in time to their destination. In practice, the container operator often will try to arrange alternative transport in order to protect his commercial interests and such extra costs are not recoverable under the P&I insurance.
It is therefore that Post & Co offers since 1996 an additional cover against the costs and expenses involved with the timely delivery of those containers in situations where the insured vessel is delayed following an accident where the damage arising to the vessel is insured under the regular Hull and machinery policy.
Meanwhile, this additional cover can also be taken out for other types of cargo than containers.
For further information or a quotation please contact our team.
It is therefore that Post & Co offers since 1996 an additional cover against the costs and expenses involved with the timely delivery of those containers in situations where the insured vessel is delayed following an accident where the damage arising to the vessel is insured under the regular Hull and machinery policy.
Meanwhile, this additional cover can also be taken out for other types of cargo than containers.
For further information or a quotation please contact our team.
Covers loss of revenue, additional costs, expenses and contractual penalties resulting from a range of perils including machinery breakdown, political risks, strikes, earthquakes and other incidents resulting in delay of the vessel.