2020 brought with it the IMO's global limit of 0.5% sulphur in marine fuels.
Our plan is triggered by damage to a vessel's scrubber system. If an owner must switch from a cheaper Heavy Fuel Oil (HFO) to costlier, compliant Low Sulphur Fuel Oil (LFO), this product will cover the difference in fuel costs in the period up to first available repair.
Optional cover is also available for additional lump-sum costs for the cleaning of tanks and machinery needed to switch fuel, removal of HFO and net deviation to port, plus a limited standard LOH cover for scrubber damages only.
It's our Service Concept that sets us apart
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