About the Service
This insurance covers the liability of operators of sea and river port terminals and stevedoring companies engaged in cargo handling, transshipment, loading, unloading and storage, pilotage of vessels, and other services normally provided at a sea or river port — including approaches to the port and adjacent areas — related to vessels, passengers and cargo operations.
Purpose of Cover
- Protection against the financial consequences of loss of or damage to cargo in the care of the terminal operator
- Protection against third-party claims for damage to their property or harm to life and health
- Cover for liability arising from errors and omissions in the provision of services, as well as environmental harm
- Reimbursement of related costs — legal, court, and loss-mitigation expenses
Insured Events
A claim for compensation arising from:- loss of or damage to cargo during handling, storage, loading or unloading
- damage to third-party property, including vessels, railcars, containers, hydraulic structures and other property, excluding the cargo itself
- bodily injury to or death of third parties
- environmental damage requiring the cleanup of contaminated areas
Scope of Indemnity
- Costs related to third-party cargo
- Repair or replacement costs for damaged vessel or other means of transport
- Damage to property, life, and health of third parties
- Clean-up costs related to spills and pollution
- Optionally - compensation for environmental damage in accordance with environmental legislation (environmental liability)
