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1.3 Scope of insurance cover

1.3 SCOPE OF INSURANCE COVER

The general scope of the P&I insurance cover provided by Gard is defined in the

  • Gard Statutes and Rules.

    The specific scope of the insurance cover taken out by the individual Company is set out in the

  • Certificate of Entry, a copy of which should be kept on board the ship.

    The general scope of the Hull and Machinery insurance cover provided by Gard is defined in the

  • insurer’s Cover Note, and
  • the underlying insurance clauses to be applicable, as agreed between the Company and Hull and Machinery insurer.

    The main areas of the P&I cover involves liabilities arising out of

  • liabilities to third parties arising out of a collision or damage to fixed and floating objects (FFO), if not otherwise covered under the Hull and Machinery insurance cover
  • personal injury, illness or death
  • damage to the marine environment
  • cargo damage
  • damage to third party property.

    The main areas covered by the Hull and Machinery cover are

  • damages to the vessel, her structure, machinery and fittings, and
  • liabilities to third parties arising out of a collision or damage to fixed and floating objects (FFO), if not otherwise covered under the P&I Certificate of Entry.

    In all cases, however, the Master should act to minimise any potential exposure of the Company as if the Company is not insured.

    Should the Master believe that the liability of the Company, and therefore the P&I or the Hull and Machinery insurers, may be involved, the Master must, when circumstances allow, immediately inform the Company and obtain instructions as to how to proceed.