Swedish Club offers H&M and P&I cover for commercial small craft in the Nordic market

The Swedish Club is offering comprehensive Hull & Machinery and Liability Insurance that it said was “tailored explicitly for commercial small craft engaged in coastal shipping within Nordic waters”.

The cover for small craft is specifically designed for smaller vessels such as cargo ships, ferries, fishing vessels, tugs, and special vessels.

To qualify for coverage there are certain requirements to be fulfilled, including registration under Nordic flag, holding a valid trading certificate, and having a maximum of 3,000 gt.

Hull & Machinery Insurance (H&M)

  • Comprehensive coverage extending to total loss, damage, collision, and salvage.
  • Insurance limits up to $5,000,000.

Liability Insurance (P&I)

  • Including personal injury, cargo damage, oil spills, wreck removal, and related liabilities.
  • Varied limits are contingent upon vessel classification.