Dutch-based MGA insurer in the international marine liability insurance industry.
In the context of hashtag#charterer’s liability insurance, two key aspects of liability should be considered: the hashtag#policy limit and the charterer’s ability to limit liability in the hashtag#event of an incident. The policy limit is determined by the amount agreed upon in the insurance contract, defining the maximum payout the insurer will cover.
International conventions establish hashtag#rights concerning liability limits. These conventions allow charterers to cap their financial liability based on specific formulas, typically linked to the ship’s hashtag#tonnage.
Are you interested in learning more about the limits of liabilities of a charterer? Martin Lanting and Paul-louis Holi are here to explain it all.
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