NNPC is different from other marine insurers because it supplies a complete package of services and products. Focused on the risks, requirements and needs of the relevant entrepreneur.
The NNPC consultants have an in-depth knowledge of the industry, a legal/maritime background, and help the customer to determine the best way to ensure continuity of business operations. What risks
are being taken? And to what extent? What (additional) measures can be taken to prevent risks
and could NNPC specialists play a part in this? Which risks can and will the business take at its own
expense? NNPC gives advice on these questions and offers solutions with a customised insurance
package and where necessary with legal assistance.
P&I (Protection & Indemnity) insurance covers the risks linked to shipping goods, raw materials and
products. This insurance covers - amongst others - damage to cargo, oil contamination and accidents
on board. P&I insurance is always taken out in combination with Legal Assistance Insurance.
Legal Assistance Insurance (FD&D) offers assistance when problems arise, and covers the costs of
legal disputes/advice relating to an insured ship. For instance disputes about laytime or freight
payment. Contrary to other FD&D insurers, NNPC does not charge a deductible for this cover. In
principle, the costs are covered up to Euro 100,000. For a limited extra premium, the cover may be
extended to Euro 5,000,000.
NNPC Crew Insurance seamlessly fits in with P&I and Legal Assistance Insurance and offers a (more)
extensive cover than traditional (commercial) crew insurance. The insurance covers the liabilities of
ship owners under the employment contracts of crew members.
Kidnap & ransom
As indicated by the name, the Kidnap & Ransom Insurance covers the costs in the case of hijacking.
NNPC offers global cover with the exception of areas with an increased risk. For these areas (HRA),
additional insurance can be taken out.
Ship Owners Liability
Ship Owners Liability (SOL) is an additional liability insurance for ship owners against risks not
covered by P&I. Amongst others, the insurance covers risks that arise when deviating from the
original course of a ship and the risks of delivering cargo without presentation of a Bill of Lading.
Charterer’s Liability is a P&I insurance for charterers and applicable when taking a ship on time charter.
This additional insurance covers the risks of ships operating in the offshore sector that are not
covered by P&I insurance.
This additional insurance covers the risks of special operations that are not covered by P&I
New build cover
A special Legal Assistance Insurance for problems/disputes that may arise in the construction of new ships.
Damage to Hull/Bunkers
Damage to Hull (DTH) Insurance is hull insurance for charterers. Bunker Insurance covers problems
with bunkers of charterers.
D&O (Directors & Officers) insurance covers the professional liability of officers and directors.
E&O (Errors & Omissions) Insurance covers the professional liability of employees. Both D&O and E&O are taken out in view of the greater liability of employers and employees and the increase in submitted claims.