This policy is designed to protect the terminal operators for the legal liability for loss or damage to cargo in their care, custody and control for the purpose of storage, and for handling vessels within the facility during loading and discharge of cargoes and/or passengers.
For risks domiciled within the United States it is customary to include marine general liability coverage in a combined policy on an occurrence basis. The market in London for US-based risks is limited.
Many similar policy wordings are commonly used for this class of cover. They need to be adapted to provide specific tailor-made coverage for each terminal operation in question.
Vessels dock and cargo is loaded/unloaded and temporarily held in storage before further transit. Additional exposure could arise out of the obligation to provide safe berth for vessels. This type of liability cover is frequently all-inclusive and there may be overlapping coverage with the marine general liability, extending a mono-line marine liability insurance policy to include the general liability cover as outlined below.
Marine general liability insurance is applicable to US-based yards only. This extends a mono-line marine liability insurance policy to include the general liability hazards of:
- Premises/completed operations
- Products liability
- Work in progress
- Contractual liability
- Builders and Conversion risks
- Charterers Liability
- Crew Personal Accident and Medical
- Freight, Demurrage and Defence (FD&D)
- Hull and Machinery Port Risks
- Hull, Machinery and Interests including Increased Value
- Loss of Hire
- Marine Contractors Liability
- Marine Professional Indemnity
- Maritime Employers Liability “MEL”
- Mortgagees Interest
- Oceanographic Equipment
- Ports and Terminals Package Policy
- Salvors Liability
- Salvors Lien
- Ship Owner’s Liability
- Ship Repairer’s Legal Liability (SRLL)
- Stevedores Legal Liability
- Tow Risks
- War Risks - Hull and Machinery and Interests
- Wharfinger’s Legal Liability