Vessels’ operation always includes risks, therefore NAVARONE S.A. has established a corporate policy which is utterly focused on minimizing and managing them in an efficient way. Hence, damage or cargo loss, collisions, mechanical issues, labor strikes, as well as any environmental mishap are immediately handled by specialized personnel who strives in favor of the most advantageous terms both for our partners and our company. The department specifically covers:

• Dealing and responsible for all company’s insurance
• Negotiating renewals and Liaising with the insurance brokers to obtain the best possible terms/rates for all insurance covers including but not limited to P&I, FDD, LOH, H&M WAR risk covers
• Following up and arranging for vessels’ appropriate and/or necessary extra insurance covers at all times
• Coordinating and liaising as/when necessary, with the banks for all insurance issues
• Handling, managing, and administrating P&I, FDD, LOH, H&M claims, and/or other third parties disputes
• Coordinating and liaising as/when necessary, with the PandI clubs, their claims handlers, and/or the lawyers and/or adjusters involved
• Claiming and collecting contributions and liabilities from third parties
• Liaising with the operation department for arranging necessary precautionary cargo and/or other surveys
• Advising Commercial Management on all insurance matters/issues and budgeting
• Advising Commercial Management on pre-fixture Chartering matters and drafting appropriate C/P clauses as/when necessary.