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Marsh launches Charter Default cover for ship owners

From Insurance Daily
Saturday, 14th May 2011 7:21 am

With ship owners becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy, Marsh has announced the launch of Charter Default. Backed by insurers and a leading investment bank, the offering provides a mix of fixed recovery guarantee and credit insurance, tailored to the shipowner’s requirements. The product covers [...]

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