Marine Class
There are four type of Marine Takaful schemes offered under the Marine Takaful Class as follows:
• Marine Cargo
• Marine Hull
• Marine Third Party Liability
• Marine Protection and Indemnity
Subject Matter Covered
• Cargo;
• Vessels, ships, boats, trawlers
Extension of Cover
Extension of cover for all the Marine Takaful schemes can be arranged and granted subject to underwriting and TBA’s approval.
Products
Marine Cargo
Commercial vessels and pleasure craft are subject to a range of damage and liability risks which can amount to significant financial loss. A comprehensive marine hull insurance/takaful program is essential for protecting your assets and earnings as a recreational or commercial hull builder or operator.
Marine Hull
Commercial vessels and pleasure craft are subject to a range of damage and liability risks which can amount to significant financial loss. A comprehensive marine hull insurance/takaful program is essential for protecting your assets and earnings as a recreational or commercial hull builder or operator.
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Marine Liability (P&I, Third Party Liability)
Marine Protection and Indemnity
Indemnify the Participant against all sum for which the Participant shall become legally liable to pay for losses or damages to Third Party for Bodily Injury, Property Damage, and Pollution in the event of collision of vessels. The coverage is based on Protection and Indemnity Clubs policy wording.
Marine Third Party Liability
Indemnify the Participant against all sum for which the Participant shall become legally liable to pay compensation to Third Party for Bodily Injury or Property Damage arising from the usage or operation of the Subject Matter Covered (boats, trawlers etc).