Infinity Marine Solutions

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"Navigate with endorsement from the best in the business"

 

  Infinity Marine Solutions provides protection against loss or breakdown of ships, port terminals, sea ports, oil platforms, oil pipelines, vessel hulls and keels, maritime liability of ship owners, freighters or charterers, terminal operators and port service providers in general.

  • Contingency risks/Interruption of business.
  • Terrorism and piracy.
  • Political risks: nationalizations, expropriations, confiscations.
  • Risk of war.
  • Credit risks in the construction of ships.
  • Leasing liabilities (leasing loss).
  • Hull and machinery and other auxiliary interests
  • Protection from tax litigations, legal defense and union labor disputes.
  • Private recreational vessels.
  • Deluxe chartered vessels.
  • Bareboat charters.
  • Catamarans.
  • High speed yachts.
  • Motor and sail yachts.

  Typical ship owner insurance coverage that covers liabilities to third parties, known in the maritime business as (P&I) insurance, an acronym that identifies the Protection and Indemnification coverage, and which jointly with the Hull & Machinery coverage offer indemnification to the ship owner or operator against any of the many risky events they are exposed to during shipping activities. As its name suggests, the traditional P & I insurance encompasses two basic coverages: Protection and Indemnification.

  • Indemnification payable by the insured party as a result of a collision between two vessels, as well as collisions against fixed or floating objects which are not vessels, insofar as these risks are not covered by the hull policy.
  • Collisions against docks, defense barriers, buoys and land cranes.
  • Damages suffered by the owners of docks and their attachments or port equipment, no damages to the vessel covered by the de hull policy and which cover damages suffered by the vessel as a result of contacts with port equipment and facilities (docks and cranes) and damages which take place during loading and unloading operations.
  • Coverage against personal damages suffered by vessel crew including not only death, injuries and disease but also associated costs such as repatriation expenses, sending a substitute for the deceased crew member, consequences of a necessary deviation to disembark and other events.
  • Personal damages suffered by passengers, or any person traveling in cruise ships or ferries.
  • Personal damages caused to the so-called supernumeraries (persons who are not crew members) and passengers present on board, including their family members, accompanying parties, guests of the ship owners and ship yard or repair workshop technicians.
  • Coverage for personal damages suffered by other persons such as stevedores, and persons walking by the proximity of the vessel, visitors or technicians allowed to board it. This maritime coverage could also recover expenses incurred as a result of the maintenance of stowaways or refugees on board, deportation and repatriation and even expenses due to the deviation to another port to disembark them.
  • Ship owner´s coverages for the sums disbursed as a result of the removal, destruction and signaling of the remains of sunken vessels and their cargo, when a legal obligation exists or the corresponding authorities demand it.
  • Indemnification the insured party is compelled to pay to third parties as a result of the collision of another vessel within sunken remains due to the lack of signage or defective marking with buoys or beacons, shipwreck removal costs, salvage or rescue costs and contamination damages.
  • The ship owner´s liability in regards to the merchandise transported, the loss thereof and/or damages or delays in the delivery thereof.
  • Indemnification for damages to towed vessels or indemnification payable by the ship owner to the tow barge or third party goods damaged during towing maneuvers.
  • Fines imposed on the insured party by maritime, port or customs authorities.
  • Quarantine expenses or costs to disinfect the vessel, its cargo or the persons on board due to the appearance of an infectious or contagious disease.
  • Business interruption coverage for the loss of revenues suffered by a business after an unexpected event. The loss of revenues covered may be due to a shutdown related to a disaster while setting up a business or due to the process of reconstruction after a disaster.
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