The 60-second version
Charter party liability insurance covers shipowner/charterer liability under charter terms — returning NRIs entering coastal or dry-bulk trade need cover alongside marine P&I and hull policies.
Bind charter party liability before signing time charter — P&I alone may not cover breach damages
Charter party liability insurance responds when charterer breaches hire terms causing owner loss — distinct from P&I third-party injury cover.
Returning NRIs entering coastal coal, cement, or container feeder trades need charter liability alongside hull and cargo policies.
P&I lane: marine P&I guide for shipowner injury and pollution cover.
Marine stack
| Policy | Covers | Does not cover |
|---|---|---|
| Charter liability | Breach damages | Crew injury |
| P&I | Third-party injury | Charter breach |
| Hull | Vessel damage | Cargo loss |
| Cargo | Goods in transit | Charter dispute |
Purchase flow
Charter review
Breach exposure clauses.
Sum insured
Daily hire × max days.
Get quotes
3+ marine insurers.
Bind policy
Before hire signing.
P&I align
No overlap gaps.
Stack
Charter insurance kit
- Charter draft.
- Hire rate.
- Policy schedule.
- P&I cert.
- Claim hotline.
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Off-hire disputes
Charter liability responds to wrongful off-hire claims — retain survey reports for claims.
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Turn this guide into a decision file
0 of 4 checked
vs P&I?
P&I covers third-party injury/pollution; charter liability covers breach-of-charter damages.
Time vs voyage?
Both charter types need cover — sum insured based on hire exposure.
Coastal trade?
DG Shipping coastal licence may require liability proof — bind before licence.
Premium?
Based on charter value and vessel type — 0.05–0.2% of sum insured typical.
GST?
18% GST on marine insurance premium.
Claim?
Notify insurer within 24h of breach notice — preserve charter correspondence.
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