Marine Hull – Allied Insurance Company

Marine Hull Takaful

Marine Hull takaful is a cover on vessels against risks connected with its navigational operations.

Types of Coverage

Institute time clauses hulls - total loss only

Institute time clauses hulls – full cover

Both coverages include salvage, salvage charges and sue and labor.

Types of Coverage

Institute Time Clauses Hulls (Total Loss Only)	Institute Time Clauses Hulls (Full Cover)
This insurance covers actual or constructive total loss of your vessel caused by:	This insurance covers partial losses or total loss of your vessel caused by

Perils of the seas rivers lakes or other navigable waters

Violent theft by persons from outside the Vessel

Fire, Explosion

Jettison

Piracy

Breakdown of or accident to nuclear installations or reactors

Contact with aircraft or similar objects, or objects falling therefrom, land conveyance, dock or harbour equipment or installation

Earthquake, Volcanic eruption or lightning.

Accidents in loading discharging or shifting cargo or fuel

Bursting of boilers breakage of shafts or any latent defect in the machinery or hull

Negligence of Master Officers Crew or Pilots

Negligence of repairers or charterers provided such repairers or charterers are not an Assured hereunder

Barratry of Master Officers or Crew provided such loss or damage has not resulted from want of due diligence by the Assured, Owners or Managers.

Exclusions:

War & Strike

Malicious Acts

Weapon of war employing atomic or nuclear fission and/or fusion or other like reaction or radioactive force or matter

Optional Coverage

(Subjected to additional premium)

Passenger liability

Covers loss of life, bodily injury and property damage of passengers.

How to Claim

Inform Takaful Operator immediately after the incident:

Important instructions

1. Make sure you take all necessary action to minimize the losses.

2. In the event of a fire, a collision involving a third party, burglary/theft or malicious damage, you must notify Maldives Police Services as soon as possible and obtain a police report.

3. Repair works should be carried out with our approval.

4. All damaged items should be preserved for inspection.

5. Do not admit liability at any point or offer to settle the claim unless you have obtained the written consent from us.

Marine Hull Takaful

Types of Coverage

Both coverages include salvage, salvage charges and sue and labor.

Types of Coverage

Perils of the seas rivers lakes or other navigable waters

Violent theft by persons from outside the Vessel

Fire, Explosion

Jettison

Piracy

Breakdown of or accident to nuclear installations or reactors

Contact with aircraft or similar objects, or objects falling therefrom, land conveyance, dock or harbour equipment or installation

Earthquake, Volcanic eruption or lightning.

Accidents in loading discharging or shifting cargo or fuel

Bursting of boilers breakage of shafts or any latent defect in the machinery or hull

Negligence of Master Officers Crew or Pilots

Negligence of repairers or charterers provided such repairers or charterers are not an Assured hereunder

Barratry of Master Officers or Crew provided such loss or damage has not resulted from want of due diligence by the Assured, Owners or Managers.

Exclusions:

Optional Coverage

(Subjected to additional premium)

Covers loss of life, bodily injury and property damage of passengers.

How to Claim

Inform Takaful Operator immediately after the incident:

Important instructions

Related Documents

Head Office

Customer Front Office

Addu Office