Vers 2sept2007 15 Narrative There are several situations when a shipowner has to adopt measures and deviate from the normal procedures In these situations there is exposure to cargo liability S ID: 167436
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Vers. 2/sept/2007 www.swedishclub.com 15 Narrative There are several situations when a shipowner has to adopt measures and deviate from the normal procedures. In these situations, there is exposure to cargo liability. S.O.L. cover is designed for such special cases. Description If a vessel has to drydock with cargo on board, the Bill of Lading may be frustrated and the shipowner will lose P I cover. S.O.L. insurance covers this additional exposure. This exposure also applies if a cargo has to be transhipped, stored, feedered or lightered. The defence under the B/L is frustrated and P I cover lost. The potential liability is the value of the cargo declared. This note is a general description of S.O.L. For more detailed information, please refer to the slip or Certi - cate of Entry. Conditions The cover is based on: The member’s entry in The Swedish Club for P I, but including liability excluded by the feedering/tran - shipment/storage/lightering of the cargo, up to the agreed limit (the cargo value). S.O.L. Shipowner’s Liability Transshipment-Feeder-Storage Lightering- Drydocking with Cargo