Bunker Insurance

Bunker insurance provides coverage for fuel, oil, and other supplies stored on ships, known as bunkers. It protects ship owners and operators against financial losses if these essential resources are damaged, lost, or contaminated due to accidents, theft, or other unforeseen events. This insurance is crucial because fuel is a significant operational expense, and any disruption can impact shipping schedules and costs. Essentially, bunker insurance helps ensure that the costs of protecting and replacing critical onboard supplies are covered, minimizing financial risk and supporting the smooth operation of maritime activities.