Class II - Trade Disruption Insurance
Trade Disruption Insurance (TDI) is designed to cover the Loss of Revenue that a vessel may suffer. This covers a large number of perils, including:
Damage to vessel due to Hull & Machinery perils, such as machinery breakdown, collision, grounding etc.
Berth obstruction
Extraordinary weather
Stowaways on board
It can also provide cover for Contractual Penalties where specifically agreed.