Comprehensive Marine Insurance & Risk Management

Global Marine Insurance: Protecting Assets in Unpredictable Waters

From Hull & Machinery (H&M) to Protection & Indemnity (P&I), Oitha Marine connects you with global underwriters who understand the weight of your cargo and the value of your vessel. In an industry where 90% of global trade moves by sea, insurance isn’t just a policy—it’s your operational shield.

Why Specialized Maritime Coverage Matters

Standard commercial insurance stops at the shoreline. Marine insurance requires deep technical knowledge of maritime law and global risk zones.

• Hull & Machinery (H&M): Covers physical damage to the vessel’s structure and engine from “perils of the sea,” fire, or collisions.
• Protection & Indemnity (P&I): The critical third-party liability cover for crew injuries, oil spills, and damage to docks or other ships.
• Cargo & Freight: Protects the financial value of the goods inside your containers, from “all-risk” transit to General Average events.
• War Risk & Piracy: Specialized coverage for vessels transiting high-risk zones (e.g., Red Sea, Gulf of Guinea).

Marine Insurance FAQs

Q: How is my premium actually calculated? A: Underwriters look at the “110% Rule” for cargo (Invoice + Freight + 10%), the vessel’s age (vessels over 15 years often face “premium loading”), and the specific trading route.

Q: What is a “General Average” claim? A: If cargo is sacrificed to save the ship (e.g., thrown overboard during a storm), all parties—including you—share the financial loss. A robust policy covers this shared liability.

The “Marine Premium Estimator” (Calculator)

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Vessel/Cargo Value

Vessel Age0-5 years6-15 years15+ years

or Value Value

Coverage Type

• Hull
• P&I
• Cargo
• War Risk

Primary Trade Route

Estimated Vessel or Cargo Value ($)

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