Marine Hull refers to the vessel itself, the engine or machinery, the third party and crew/passenger liabilities.
However, the liability aspects can be insured separately or even with another insurer.
These can be arranged on voyage or time basis. Voyage policies provide coverage for the vessel from a specific port to another named port. It covers the vessel against all marine time perils for the entire voyage irrespective of the time it takes to cover the distance. Policies can also be arranged on time basis. In this case, the cover is for a specific period irrespective of the distance or the route. Within the agreed period, the vessel is held covered against marine time perils.
