Hull And Machinery


Hull and Machinery (H&M) is a type of marine insurance policy that provides coverage for physical damage to a vessel's hull and machinery. This includes damage caused by accidents, weather events, and other perils. The policy typically covers the cost of repairs or replacement of damaged or lost equipment, as well as any associated costs such as salvage and towing. H&M insurance is important for ship owners and operators, as it helps to mitigate the financial risks associated with vessel damage and loss. It is often required by lenders and other stakeholders as a condition of financing or operating a vessel.


Your Previous Searches
Random Picks

  • Emergency Response: Emergency response refers to the actions taken by individuals, organizations, and governments to mitigate the impact of an unexpected event or crisis. In the maritime context, emergency response involves the procedures and protocols put in ... Read More >>
  • Shapes: In maritime context, shapes refer to the various signals used to communicate between vessels or between a vessel and shore. These signals are used to convey important information such as the vessel's position, course, and intention. Shapes ... Read More >>
  • Sky Pilot: Sky Pilot is a term used to refer to a chaplain or a minister who serves on board a ship. The chaplain is responsible for providing religious services, counseling, and moral support to the crew members. The Sky Pilot is an important member ... Read More >>
Top News

They’ve sailed across Southeast Asia for centuries. Now, these sea nomads are ...

The Bajau Laut have traditionally lived semi-nomadic lives on the ocean, but climate change and overfishing are driving them onto land, making them......

News Source: CNN on 2024-11-22

Exclusive: Arcade, visual storytelling platform, raises $14 million Series A led...

Arcade raised a $14 million Series A, led by Kleiner Perkins, Fortune can exclusively report....

News Source: Fortune on 2024-11-21

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire...

Shares in Adani Enterprises, the group's flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani's net worth....

News Source: Fortune on 2024-11-21

Southeast Asian defense chiefs discuss regional security with US, China and othe...

Southeast Asian defense chiefs are meeting with China, the United States and other partner nations in Laos for security talks, which come as Beijing’s increasingly assertive stance in its claim to m...

News Source: ABC News on 2024-11-21

US ‘Secret War’ remembered as Secretary of Defense Lloyd Austin visits Laos...

Al Jazeera looks back at the most devastating period in Laos's history, when the US waged a years-long 'Secret War'....

News Source: Al Jazeera English on 2024-11-21