Cd.

29 Hull and Machinery

1.
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What is a hull surveyor?

A representative of the Hull insurers.

2.
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When should you notify the insurance company?

When you have an incident, which may form a claim under the policy

3.
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When is it likely that you will not carry a partial blame for a collision?
When safely moored alongside a jetty or wharf (or when not under command).

4.
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How should you react if your vessel has touched bottom?

Notify head office and Insurance Company

5.
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What does H&M mean?

Hull & Machinery insurance.

6.
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What is an adjuster?
A person who collect and arrange all documentation related to the claim and allow cost and
expense to the insured in accordance with policy terms and conditions.

7.
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What does P&I mean?

Protection & Indemnity

8.
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Why do you need to document the repair cost?

To demonstrate your loss.

9.
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When should LOF be signed?

When the vessel is in immediate danger of major damage or loss.

10. What is a deductible?

- An agreed amount borne by the insured.
11. What does LOF mean?
- Lloyds Open Form
12. What does Hull insurance cover?
- Loss of or damage to a vessel.
13. When do we need a repair specification?
- When inviting quotations from various repairers.
14. What is an insurance settlement?
- Recoverable amount allowed under the vessels insurance policy for loss or damage covered.
15. What does P&I cover?
- Ship owners liability for damage to cargo, crew or 3rd partys property.
16. How can you advise your Hull insurer about a minor casualty in a foreign port?
- Notify the insurers local agent.