The piracy has become a real exposure for the world shipping community, particularly in Red Sea, Gulf of Aden, Gul of Oman and Indian Ocean transits. In this respect, insurers have developed marine Kidnap & Ransom insurance policies, which can also be extended to cover Loss of Hire during the period the vessel was kidnapped.

• Ransom Payment
• Loss of ransom in transit
• Response Costs
• Personal injury / death
• Legal costs
• Loss of hire (additional cover) - 95 or 180 days at a daily rate to be agreed without deductible.