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Maritime <strong>Insurance</strong><br />
Typically, a financier would require:<br />
(i) An assignment of insurance policies<br />
(ii) Named as a co-beneficiary/co-assured<br />
� H&M & War insurance – typical requirement for<br />
each vessel to be covered up to at least Fair<br />
Market <strong>Value</strong> or 110%-130% of the SLV<br />
� Protection & Indemnity insurance – third party<br />
liabilities.<br />
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