Albuhaira National Insurance Company

Claim Services

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Timings and Location

Our office timings are 8:00 AM to 1:30 PM ; 2:30 PM to 5:00 PM (Sunday to Thursay). Click here to find details and location map of our various Offices.

Marine Hull

Commercial vessels involve a variety of crafts, operating either in Arabian Gulf, Gulf of Oman, Arabian Sea, and Indian Ocean or worldwide, whether a fleet or single vessel, we insure both the physical loss and damage to Hull & Machinery and Collision Liability arising out of the ownership and/or operation of vessels as per London Institute Hull Clauses

Types of vessels in the UAE market:

  • Ocean going Vessels
  • Tugboats and Towing Vessels
  • Coastal Trading Vessels
  • Barges
  • Port Fleets, Port and Harbour Work Boats
  • Dredgers normally used for harbour maintenance and construction work

Who is a potential Commercial Vessel (H&M) Insurance customer?

  • Vessel owners
  • Vessel operators and managers
  • Mortgagees who provide finances for any of the vessels described above.
  • Time Charterers, who own, charter, operate or manage any of the vessels described above.
  • Policy / Form Highlights
  • A standard set of "Institute Time Clauses– Hull" is normally used to cover commercial vessels.

Coverage can range from 'Hull & Machinery' and Total Loss as per London Market institute time clauses depending upon the needs of our clients and risk evaluation. The insurance coverage is on an Agreed Value basis.

Standard form includes:

  • Physical damage to the vessel's hull, machinery and installed equipment
  • Sue and labour expenses (expenses to avert or minimize a loss)
  • Vessel's proportion of general average and salvage charges
  • Primary Collision Liability and legal expenses

Extension of cover includes:

  • Increased value (I.V.)
  • War, Strikes and Related Insurances
  • Protection & Indemnity Cover

There are other coverages available. We shall be happy to provide you with further details as and when required.

Click here to download HULL &  Machinery Insurance Proposal Form.


FOR FURTHER DETAILS / INQUIRY PLEASE CONTACT US

Manager, Marine & Aviation

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Phone # +971 6 5174487 / +971 6 5174486 / +971 6 5174490
Fax # +971 6 5748855

Claims

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Phone # +971 6 5174486 / +971 6 5174487
Fax # +971 6 5748855

 
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Our track record has been consistently successfull, thanks to the increasing trust and confidence our clients have reposed in us. In an intensely competitive field, ABNIC has stood it ground by virtue of its financial soundness, stratergic positioning of its products and services to fulfil ever changing insurance needs.

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