The time taken by authorities to investigate a case upon discovery of drugs can affect commercial relationships and lead to financial loss.
The Drug Seizure cover provided by Norwegian Hull Club covers loss of income and costs connected to any investigation if the vessel is detained due to the discovery, or even suspicion, of drugs on board.
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. In most cases there is no physical damage to the vessel.
Loss of Hire arising from a vessel being detained due to drugs is not covered under a standard marine or war policy.
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 prioritize and make claims settlements much quicker than the industry average, through practical, solution driven claims handling and involvement from notification to final payment. We encourage teamwork together with the Assured and the broker.
Our world-leading contingency support and operational intelligence services are developed from handling 2.000 claims every year. We organize 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.