Drug Seizure: Loss of Hire
A standard marine or war policy does not cover Loss of Hire arising from a vessel’s detention due to the finding of illegal drugs.
The time taken by authorities to investigate a case upon discovery of drugs can affect commercial relationships and lead to financial loss. Whether illegal substances are smuggled on board by crew or passengers, or hidden in cargo holds or attached to the underside of the hull; the loss of reputation and financial burden is not only inconvenient, but can even threaten the very existence of a shipping company as a going concern.
Norwegian Hull Club – the Preferred Leader
When placing insurance with Norwegian Hull Club as Leader, an Assured has access to claims handling experience, service levels and competence of the highest quality. We handle claims and critical situations in the most professional way. We prioritise and make claims settlements much quicker than the industry average, through practical, solution-driven claims handling and involvement from notification to final payment. Norwegian Hull Club encourages teamwork together with the Assured and the broker.
Our world-leading contingency support and operational intelligence services are developed from handling some 2,500 claims every year. We organise a wide variety of loss prevention activities for both ship and shore-based staff, sharing experience from actual incidents, aimed at improving industry best practice.