NorthStandard's Strike & Delay class has introduced Weather Cover as part of its marine insurance suite, providing shipowners and charterers with the first-ever insurance protection against the risks posed by adverse weather conditions. This innovative marine insurance product offers up to eight days of coverage for delays caused by bad weather, addressing a significant risk factor for ship strandings, voyage planning disruption, and route diversions. The Weather Cover, part of the broader Strike & Delay package, responds to market needs and extends the 'Onshore' cover to mitigate risks associated with adverse weather conditions, including named storms, wind, swell, fog, and unexpected rain and ice. The product has received support from NorthStandard's Strike & Delay committee members and is expected to provide comprehensive and realistic coverage for weather-related delays in the shipping industry.

SOURCE: GOOGLE