Marine insurance is extremely important element of successful exploitation of any shipping asset and it is a direct responsibility of the Managers to provide their clients, owners of the vessels, with the various types of insurances covering all spheres of vessel’s trading.

INTRESCO has extensive experience in arrangement of marine insurance covers from usual
insurance such as Protection and Indemnity risks (“P&I”), Hull and Machinery marine risks (“H&M”), War risks, Freight, Demurrage and Defence insurance (“FD&D”), Kidnap and Ransom Insurance (“K&R”) to protect vessels passing through the Gulf of Aden and other piracy risk areas as well as various types of covers for Loss of Hire risks.

In the sphere of P&I insurance arrangements we are closely cooperating with members of International Group of P&I Clubs, - West Of England Insurance Services (Luxemburg) S.A. and SKULD P&I, that also provides us with a fixed premium cover in line with its own Terms and Conditions.

All vessels under INTRESCO management have first class Hull & Machinery cover with participation of marine insurance underwriters with investment grade rating not below than A- and with Norwegian Hull Club as the Claims Leader. For vessels of up to 13,000 DWT Leading Underwriter is KRAVAG-LOGISTIC VAG (Germany) as underwriting agent of Carl Rieck Assecuradeur Hamburg GmbH. To provide our owners with the highest level of protection all H&M policies of the vessels are based on The Nordic Marine Insurance Plan of 2013.

In cooperation with our partners we ensure effective claims handling, responding immediately to owners when in need of assistance or service, assisting and completing their claims, using the Club’s loss prevention programes, provide technical and operational advice to owners and crew etc.