P&I AND H&M CLAIMS / MARINE WARRANTY SURVEY

Hull & Machinery (H&M) insurance covers damage to the vessels structure, machinery and equipment while P&I insurance covers for shipowners liability to others.
Insurance, in general, covers damage as a result of an unforeseen and unexpected event.
Hull & Machinery and P&I therefore complement each other in the event of collision liability and damage to fixed or floating objects.
On behalf of a P & I Clubs and Underwriters for Hull & Machinery (H&M), Seaspeed Marine carries out following surveys.
For P&I, Seaspeed Marine performs the following:

• When ships over 10 yrs old are entered in the club, this can be either a pre-entry or a post entry condition survey.
• If after a visit by a club inspector, the inspector feels that the ship does not conform to the Clubs standards.
• Following a claim which could possibly have occurred due to a lapse in on board maintenance/management.
• If information is received from a third party e.g. PSC that the ship is below Club standard.
• If the ship changes classification societies, usually from an IACS to a non IACS society.
• If after a lengthy period of lay-up (6 months or more) a ship is re-activated.

For Hull & Machinery (H&M) our services include:

• Establishing the cause and extent of damage
• Condition surveys to inspect damage
• Valuation of the original structure to perform a repair estimate
• Consultation in repair possibilities
• Review of repair costs
• Preparation of final report on cause and extent of damage

We make sure to have all necessary reports to our clients as quickly as possible as we understand the urgency of these issues when it comes to insurance claims.
Marine Warranty Survey is the verification, by a marine warranty surveyor, of the requirements of an insurer specified in a Warranty Clause covering a marine operation, to ensure that all necessary precautions are taken to avoid loss.
A survey typically includes review of all relevant documents, condition surveys of vessels and equipment, and approval of marine operations to ensure that best marine/cargo industry practice and correct procedures are followed and under taken safely, reliably, and in compliance with regulations.

For any requirement, kindly reach us by email: survey@cspeed.ae