CertAsig insures on a facultative basis sea going vessels as well as crafts, installations and floating equipments assimilated to vessel, covering total loss of or damage to the subject – matter insured caused by:

RISKS COVERED:

1. The losses and damages caused to the vessel by the following risks:
   • perils of the sea, rivers, lakes or other navigable waters;
   • fire, explosion;
   • theft by persons from outside the vessel;
   • jettison or cargo carried away by the sea;
   • piracy;
   • collision with vessel, aircraft or other similar objects, objects falling therefrom, land conveyance, dock or harbour equipment or installation;
   • collision with quay, dry dock or other type of dock, building way, launching way, careening grid, pontoon, mole, jetty, platform, buoy, telegraph cable or any other fixed or floating object,including floating ice;
   • earthquake, volcanic eruption or lightning;
   • measures to save the vessel;
   • measures taken by the authorities to prevent or diminish the pollution hazard or threat thereof resulting directly from the damage to the vessel;
   • navigation error;
2. The insurance covers also the losses and damages caused to the vessel by the following risks:
   • accidents in loading, discharging or shifting of cargo or bunker;
   • bursting of boilers or installations and any damage due to a latent defect in vessel’s machinery or hull;
   • negligence of master, officers, crew or pilots
   • negligence of master, officers, crew or pilots.
   • barratery of master, officers or crew, provided the losses and damages caused are not the result of want of due diligence of the assured, owner, manager of the vessel or their superintendents.
3. This insurance covers the costs and expenses caused by occurrance of the risks from paragraphs 1 and 2 here above:
   • the necessary and economical expenses incurred to prevent or mitigate the loss caused, to ascertain the circumstances, causes , effects, reality of damage and its extent;
   • the remunerations for the salvage or assistance given to the vessel , including the expenses incurred for the appointment of surveyors, lawyers and other similar expenses incurred for the assessment of the remunerations;
   • the expenses representing vessel’s proportion of general average, including those incurred for the appointment of surveyors, lawyers to ascertain this proportion;
4. The insurance covers the amounts in the charge of the assured when, as a result of the collision of the insured vessel with other vessels, port installation, other fixed or floating objects, he is liable for:
   • loss or damage to another vessel or property thereon, port installation or other fixed or floating object;
   • delay or loss of use of another vessel or property thereon, port installation or other fixed or floating object;
   • contribution to general average of, towage of or salvage under contract of, another vessel or property thereon, port installation or other fixed or floating object.