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When chartering a vessel contractual liabilities arise for the charterer. These liabilities can be insured with a charterers liability insurance. There are also liabilities which stay with the owners of the vessel and the owners will have the full P & I insurance. Hence the chaterers liability policy is designed for vessel charterers and provides coverage for the legal or contractual obligation to a vessel owners which is set out in a charterparty.
Next to the above mentioned insurance you can also include the Damage to Hull and a Bunker Insurance. And of course we shouldn't forget the defence insurance.
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