 |
 |
 |
 |
 |
 |
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
 |
 |
||
The risks involved in constructing vessels require a specialized form of marine insurance. Moreover, the design and physical construction may involve many parties including prime and sub-contractors, equipment and machinery suppliers and additional named assureds. The risks may extend from the pre-construction and equipment delivery phase, through construction and fit-out at the shipyard and finally a guarantee period as negotiated in the building contracts. Braden Marine is experienced in dealing with shipyards and their insurers in various parts of the world on the subject of Builders’ Risks. Shiprepairers Liability insurance for loss or damage arising from work being carried out by a repairer on a vessel in their care, custody or control is generally covered under a Shiprepairers’ Liability Policy. As this is legal-liability insurance, Braden Marine works closely with the repairers and their insurers in the protection of this liability and the preparation of a quantified claim statement or adjustment as may be required.
|
||
 |