Is it impossible to obtain more than three-fourths collision liability cover in London?

No. It is possible – for an added premium – to obtain four-fourths collision liability cover, but three-fourths cover is the basic standard cover in the London markets. It was originally intended to make shipowners more careful.

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Written by Ship Inspection

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If a shipowner is only covered for three-fourths of his collision liability by his hull policy, how does he protect himself against the other one-fourth liability?

What cover would hull and machinery insurance obtained in London normally give a shipowner?