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Certificate of Entry: Protection & Indemnity Insurance

This document is a Certificate of Entry for Protection & Indemnity Insurance for the vessel CURACAO, owned by Courtin Marine Corp., covering the period from February 20, 2025, to February 20, 2026. The insurance includes significant liability limits for oil pollution and passenger claims, with specific deductibles outlined for various liabilities. Additionally, it specifies conditions regarding coverage in relation to other insurances and the responsibilities of the Association.

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WILLINTON HINOJOSA
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18 views3 pages

Certificate of Entry: Protection & Indemnity Insurance

This document is a Certificate of Entry for Protection & Indemnity Insurance for the vessel CURACAO, owned by Courtin Marine Corp., covering the period from February 20, 2025, to February 20, 2026. The insurance includes significant liability limits for oil pollution and passenger claims, with specific deductibles outlined for various liabilities. Additionally, it specifies conditions regarding coverage in relation to other insurances and the responsibilities of the Association.

Uploaded by

WILLINTON HINOJOSA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Certificate of Entry

Protection & Indemnity Insurance


Risk Ref. No.: 2025PI0233 - 9426142

Legal Assured: Courtin Marine Corp. As Owners

Vessel: CURACAO
IMO No: 9426142
GT: 32309
Built: 2011
Port of Registry: Monrovia
Name and full address of the principal
Place of business of the Registered Owner: Courtin Marine Corp.
80, Broad Street
Monrovia
Liberia

Period of Insurance: From 20-Feb-2025, 1200 GMT (0) until 20-Feb-2026, 1200 GMT (0)

Main Conditions
This is to certify that above-named Assured is a Member of The Swedish Club and that the vessel stated above
is entered with The Swedish Club for Protection & Indemnity Insurance on full cover as per current Rules for
Protection & Indemnity. The limit of liability for Oil Pollution, from the entered vessel or any other source, is
USD 1,000,000,000. For passenger and seaman risks the limit is USD 3,000,000,000 with a sub-limit of USD
2,000,000,000 for passenger claims only.

In respect of P&I Excess War Risk Cover the limit is USD 500,000,000, with a sub-limit of USD 100,000,000 in
respect of Russian, Ukrainian and Belarus waters, and in respect of certain war and terrorist risks the liabilities
arising from Bio-Chem etc., the limit is USD 30,000,000.

Subject always to the Rules of the Association and the terms of entry for the Assured, the following is included
in the cover:

Liability for pollution (caused by a spillage of oil or any hazardous and noxious substances) (Rule 6)

Wreck Removal liability (Rule 7 section 5)

HEAD OFFICE GOTHENBURG ATHENS OSLO LONDON HONG KONG SINGAPORE


Postal address: P.O. Box 171, SE-401 22 Gothenburg
Tel +46 31 638 400, Emergency No. +46 31 151 328
[email protected],
www.swedishclub.com
In respect of the risks insured hereunder, to the extent the Member is insured for pollution risks under any
other Insurance, cover hereunder shall be null, void and of no effect, up to the limits of said other insurance.
Above the limits of said other insurance, cover under this insurance shall remain in effect, subject always to the
limits herein which are applicable to such risks, to any deductible(s), and to the other terms, conditions and
Club Rules. In the event the limits available under such other insurance are the same as or greater than the
limits available for pollution losses under this insurance, then this insurance shall be null, void and of no effect
with regard to such claims. In the event the limits of said other insurance are less than the limits available
hereunder, this insurance shall respond up to the limits set forth herein for pollution losses, but only for the
amount by which any such losses exceed the stated limits of such other insurance, and then only up to the
limits set forth herein for pollution losses. This insurance shall respond only in excess of the stated limits of the
other insurance, whether or not the full amount of such other policy limits, or any amount at all, is recoverable
thereunder.

Notwithstanding the Terms of Rule (11:6), this insurance will not provide any recovery in respect of liabilities
insured under any other insurance, or provide pro rated or allocated cover, on the basis of double insurance or
otherwise, except as set forth above; nor will this insurance replace any other insurance where (for whatever
reason) that other insurance does not or is not able to respond to a claim thereunder.

This certificate of entry is evidence only of the contract of indemnity insurance between the above named
Member(s) and the Association and shall not be construed as evidence of any undertaking, financial or
otherwise, on the part of the Association to any other party.

In the event that a Member tenders this certificate as evidence of insurance under any applicable law relating
to financial responsibility, or otherwise shows or offers it to any other party as evidence of insurance, such use
of this Certificate by the Member is not to be taken as any indication that the Association thereby consents to
act as guarantor or to be sued directly in any jurisdiction whatsoever. The Association does not so consent.

Gothenburg, 6 February 2025


Sveriges Ångfartygs Assurans Förening
The Swedish Club

Thomas Nordberg

2
Attachment to Risk Ref No: 2025PI0233 - 9426142
Vessel: CURACAO

Deductible(s): USD 11,000 Cargo liability


USD 9,000 Crew liability
USD 5,000 Other P&I risks
USD 25,000 FFO

The deductible for cargo liability is for each single voyage, all other deductibles applicable on each accident or
occurrence, unless otherwise stated.
The deductible for cargo liability to be increased by 100% for liability in respect of damage to cargo caused by
leaking hatches and/or hull.

Trading: Worldwide

Joint Member(s): Costamare Shipping Company S.A. As Head Manager


Co-Assured(s): Navilands Bulker Management Ltd. As Technical Managers
Navilands (Shanghai) Bulker Management Co., Ltd. As Sub-Technical Managers

The interest of the following Mortgagee(s) / Assignee(s) is noted:


Mortgagee(s): Eurobank S.A. NoA 20.06.2023

Special Conditions
Rule 4, section 2, first paragraph - excluded. (relates to through transport).
Rule 6, - liability for pollution damage (caused by spillage of oil or any hazardous and noxious substances)
covered.
Rule 7, section 2(a) - excluded but excess collision liability covered. (Relates to 1/4ths collision liability).
Rule 7, section 5 - wreck removal covered when compulsory by law.
Rule 11, section 7 – “excepted matter” covered.

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