Hull and Machinery Insurances for Ocean Going Vessels

For the insurance of ocean going vessels in the German market, the "Allgemeine Deutsche Seeversicherungs-Bedingungen" (ADS) as well as the "DTV-Kaskoklauseln" play an important role. Because the ADS were established back in 1919, they had to be amended by inclusion of the DTV-Kaskoklauseln in order to embrace the new requirements of the blue-water business. By inclusion of several broker’s clauses the overall conditions became more transparent and defined.

An insurance cover, based on the ADS conditions is also known as an "all risk cover" including the collision liability. The insurer carries an all risks coverage, which the vessel is exposed to during the period of said cover. That means he (the insurer) indemnifies all damages of the insured vessel, which were caused by an insured risk or which are a consequence of it.

But there are also some risks in the ADS-Conditions, respectively in the DTV-Kaskoklauseln which are excluded. Following risks or damages for example are excluded:

In order to create a tailor-made cover for the demands of the owner, it is possible to restrict the cover. It is possible to arrange a cover, based on the ADS-conditions, but amended to provide cover, for example, against Total Loss of the vessel or to exclude damages caused by collision generally.

Naturally, Georg Duncker also offers coverage based upon other internationally approved insurance conditions, such as e.g. the English conditions.

In addition to Hull & Machinery insurances, we also arrange the other lines of insurance products that owners require in addition to Hull & Machinery and run parallel to same:

	Liability Insurance / P & I
	Loss of Hire Insurance
	War Risks Insurance
	Additional-/ Special insurances

Ingress of water after being struck

Leakage after grounding