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Miller secures Covid-19 responding voyage insurance for shipowners and charterers

Posted on: 2 April 2020

The continuously evolving Covid-19 (Coronavirus) pandemic is understandably a growing concern for the global shipping industry. Since the outbreak, Miller has been working tirelessly with many underwriters to help provide an innovative insurance solution for the current crisis.

Miller has secured limited market capacity to cover owners and charterers of tankers and bulk cargo vessels for loss of earnings and additional expenses following quarantine of ships and strategic cargoes, or closure of destination ports by authorities for situations relating to Covid-19.

This unique cover is granted on a voyage-by-voyage basis and indemnifies owners and charterers for declared loss of hire sums and additional expenses up to an agreed limit. Deductible structures are available and agreed on a case-by-case basis.

Head of Marine, Phil Wheeler, commented: “Our clients’ needs are always our priority and it’s our job to reduce uncertainty as much as we can in these unprecedented times. As Miller remains open for business as usual, we are helping our clients to do the same.”

For more information follow this link.

What is Maritime London?

Maritime London – the promotional body for UK based companies providing professional services to the international shipping industry

Funded by over 100 companies and organisations from a wide range of disciplines, Maritime London ensures that the UK remains a world beating location to base a maritime related business. Maritime London’s mission is to promote the UK as the world’s premier maritime business centre.

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The UK is home to a world beating array of professional maritime service providers. Maritime sectors include:

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