Fishing boat insurance

• Hull insurance: Insurance for losses or damages related to the physical structure of the vessel (including the hull, machinery, equipment), and fishing gear on board the vessel due to insured risks.
• Shipowner's liability insurance: Insurance for expenses incurred (injury or property damage) caused by the insured vessel that the shipowner must bear in accordance with the law or court decision.
• Crew accident insurance: Insurance for crew members (captain/deputy, engineer/deputy, sailor, mechanic, staff, etc.) working and living on board the insured vessel against unforeseeable accidents.
• Shipbuilder's risk insurance: Insurance for losses related to the vessel being built and during the trial run, delivery, and shipbuilder's liability.

Conditions:

• Individuals who are owners of ships and boats with full registration, and control plates operating in the internal waters and territorial waters of Vietnam.
• Shipbuilding contractors operating within the territory of Vietnam.

Procedure:

Documents for Fishing Vessels:

1. Insurance claim form - Original.
2. Registration Certificate - Copy.
3. Technical safety certificate (valid) - Copy.
4. Aquatic exploitation license (valid) - Copy.

Documents for Shipbuilding:

1. Documents proving the value of the ship/appraisal documents - Copy.
2. Insurance claim form and questionnaire - Original. Approved design (issued by the registry) - Copy.
3. Evaluation - Copy.
4. Shipbuilding contract - Copy.