ALAN PEAT IT HAS to be recognised that time, effort and endless negotiations go into project cargoes, according to Susan Bester, marine marketing manager at insurance brokers, Prestmarine. “Because of this, these projects must be insured specifically in accordance with the client’s requirements,” she told FTW, “and here we can offer a tailor-made policy to protect our clients’ interests.” Cover available includes marine cargo insurance; charterers’ liability; engineering risks (such as erection testing and commissioning); normal engineering breakdown (including static risks thereafter) and political confiscation. “The higher values and volumes attract better rates,” said Bester, “and we can offer the most competitive premiums. This with the sound financial backing of the leaders in the insurance industry as well as Lloyds of London.” Prestmarine, meantime, is represented worldwide by a network of service providers – all designed to help resolve matters promptly.
Tailor-made policies protect clients’ interests
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