skuld Charterers' Cover terMs & CoNdItIoNs - Extranet - Skuld

Charterers’ cover TERMS & CONDITIONS
PART 1 INTRODUCTION
1. Terms and scope of cover
1.1 the Assured is insured on the terms set out in these Terms and Conditions (T&Cs,
the Statutes, the Cover Note and any Certificate of Insurance.)
1.2 the Assured is only insured for liabilities, losses, expenses and costs which arise;
1.2.1. out of an Event taking place during the period of insurance, and
1.2.2. in direct connection with the operation or trading of the Vessel in the
assured’s capacity as Charterer.
1.3. The Assured is only covered for such of those risks specified in Part 2, Part 3 and
any additional covers as are expressly agreed between the Assured and Skuld.
2. Duration of cover
Unless otherwise agreed, the insurance cover shall commence at 00:00 hours GMT on the date
prescribed in the Certificate of Insurance and shall continue annually, unless and until cover ceases
or the insurance expires or is terminated in accordance with these T&Cs.
3. Definitions
Words and phrases which are defined in Appendix 1 shall have the meanings set out in that Appendix.
4. Additional Cover
Additional covers, as described in Appendix 4, are available for liabilities, losses, expenses and costs
which are not covered in Part 2 or Part 3.
Skuld Charterers’ Cover – Terms & Conditions, from 20.02.2012