Be prepared for anything with our expertly crafted solutions, designed according to your needs.

Drugseize insurance is vital for companies with vessels trading on a worldwide basis.

It plugs the gaps that a war or P&I policy does not cover and is particularly important given the rise of vessel detentions and detainments in the last few years.

Fortune Marine Services was the first in the market to provide drugseize insurance and has been protecting shipowners, managers, operators and charterers against resultant loss of hire and additional expenses for over 30 years. We are continuously working with underwriters to evolve cover to match clients’ changing needs.

COVERAGE

War risks insurance specifically excludes any form of drugs cover (port customs breach) from standard policies. Under a drugseize policy, our clients are insured against loss of earnings, additional expenses, and loss or damage to vessel(s) and cargo resulting directly or indirectly from the following:

• Discovery, or suspicion of illegal goods and/or people on board the insured vessel
• Enforced quarantine, denial of free pratique, or prevented entry to port
• Illegal or unauthorised actions of officers and crew
• Arrest/detainment arising out of actions of previous owner
• Sister ship arrest
• Pollution or allegation thereof
• Confiscation, expropriation, nationalisation and deprivation (constructive total loss cover).

NOTABLE DRUGSEIZE EVENTS IN 2023 TO DATE

• Turkey seizure - 52kg cocaine in bulk anchor chain
• Cork, Ireland seizure - GBP136m cocaine seized from cargo ship
• Canary Islands, Spain seizure - 4.5 tonnes cocaine found in aging livestock carrier
• Australia seizure - one tonne cocaine seized from bulk carrier
• Italy seizure - EUR150m cocaine found in Greek bulk carrier
• Philadelphia, US seizure - 20 tonnes cocaine seized from cargo ship