Charterers and Traders Insurance

North’s charterers and traders insurance provides cover for time and voyage charter party and traders. With the risks of contractual liabilities, non-contractual liabilities and indemnities, we offer adapted, tailor-made insurance to meet your specific needs and ensure that your business is protected.

North offers tailor-made policies that are adapted to our Members’ needs. Our cover offers protection against cargo, pollution, people, and fines. Rather than simply offering generic cover, we listen to your needs and create tailored insurance that’s specific to you. We provide comprehensive cover with a high degree of flexibility; it’s why we’re the preferred provider to many major and well-known charterers and traders. Speak to our charterers and traders team today, to build your comprehensive policy. 

North underwrites pure chartered business (time, voyage, slot and NVOCC) and, although some of our charterers also own ships, it is not a requirement or prerequisite of cover to have an owned entry. North’s charterers and traders policy is suitable for most types of trade within the shipping industry. Charterers do not need to purchase all the heads of cover we offer, but as we over a tailor-made service, you can select the level of cover needed that best accommodates your requirements.

Time, voyage, space and slot charterers face significant risks and exposures. These may be contractual liabilities and indemnities or non-contractual liabilities. In many circumstances, these exposures will be significant and could be a threat to ongoing operations and the ability to trade. An increasing number of charterers and traders protect themselves against these ever-expanding risks and exposures by purchasing tailor-made flexible liability cover with North.

With global offices, our highly qualified service team offers around the clock underwriting, claims and loss prevention  support, 24/7, 365 days a year. Should you also take out Freight, Demurrage and Defence (FD&D) insurance, you’ll also get access to specialist legal advice. Each team member has immeasurable experience of working with charterers and traders and has a portfolio of handling legal claims.