Loss of Hire claims

Loss of hire or earnings polices are special policies written to indemnify shipowners with regard to their loss of earnings or hire whilst the vessel is out of action undergoing repairs following a casualty.

 

 

We can assist in adjusting the claim on loss of hire insurers commenting on:

 

  • The cause of the loss and the coverage under the policy.

  • The correct period to be considered for loss of hire.

  • The impact on the claim of other circumstances which are relevant to the repair period (eg damage repairs undertaken during scheduled maintenance downtime).