Towage
In the case of towage operations, insurance is required not only for the towing tugs but also for the towing unit.
The chartering risk insurance covers the vessel(s) and/or the vessel to be towed for the duration of a specific voyage. It can cover physical damage as well as protection and indemnity against liability.
Towing insurance cover plays an important role in the maritime industry, ensuring safe and efficient transport. As towing requires the use of specialised personnel and equipment, it is essential to have adequate insurance cover against potential risks and liabilities.