ALL HANDS ON DECK FULLY ENGAGED That’s why the underwriters and loss control engineers of the Aspen Marine Project Cargo team work closely with the Engineering, Procurement, Construction and Logistics teams. We call it “Full Engagement” and it’s why we commit all hands on deck to guarantee your goods will be treated with extraordinary care throughout the job. It’s also why our clients return to us for some of the most complex and logistically challenging shipping jobs in the world. At Aspen Marine, we know only one way to do our job: All out. UNDERWRITING Specialist underwriting team with experience on over 250 global project cargo risks. Aspen is recognized for lead capacity and underwriting expertise. RISK MANAGEMENT In-house and global network of project specialists who ensure successful cargo delivery around the world. CLAIMS Aspen project cargo and Delay in Start-Up (DSU) experienced claims team. The claims team partners with global adjusting firms to investigate and minimize losses. LOGISTICS Deep and wide understanding of the global logistics/supply chain, project planning/management and contract wording. DELIVERING INFRASTRUCTURE IS EASIER WHEN YOU HAVE AN INFRASTRUCTURE LIKE OURS. General Cargo Trade: $17 billion premium income* Average project size by needed capacity: $100 million+ Average policy duration: 3 years CARGO: THE INDUSTRY THAT MOVES GLOBAL ECONOMIES PROJECT CARGO
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ALL HANDS ON DECKFULLY ENGAGED
That’s why the underwriters and loss control engineers ofthe Aspen Marine Project Cargo team work closely with the Engineering, Procurement, Construction and Logisticsteams. We call it “Full Engagement” and it’s why wecommit all hands on deck to guarantee your goods willbe treated with extraordinary care throughout the job.It’s also why our clients return to us for some of themost complex and logistically challenging shippingjobs in the world.
At Aspen Marine, we know only one way to do our job: All out.
UNDERWRITINGSpecialist underwriting team with
experience on over 250 global projectcargo risks. Aspen is recognized for lead
capacity and underwriting expertise.
RISK MANAGEMENTIn-house and global network of project specialists who ensure successful cargo delivery around the world.
CLAIMSAspen project cargo and Delay in Start-Up (DSU) experienced claims team. The claims team partners with global adjusting firms to investigate and minimize losses.
LOGISTICSDeep and wide understanding
of the global logistics/supply chain, project planning/management and
contract wording.
DELIVERING INFRASTRUCTURE IS EASIER WHEN YOU HAVE
AN INFRASTRUCTURE L IKE OURS.
General Cargo Trade: $17 billion premium income*Average project size by needed capacity: $100 million+Average policy duration: 3 years
CARGO: THE INDUSTRY THAT MOVES GLOBAL ECONOMIES
PROJECT
CARGO
Inspect ships, tugs, barges
Load, stowand sea
fastening
Logistics project
plan
Supply chain
analysis
Delay instart-upimpact
Review ofvessel certificates
and suitability
Weather and climate related reviews
Vessel loadingplans
SMOOTH SAILING STARTS WITHVETTING EVERY STEP OF THE PROCESS
FROM INITIAL DISCUSSION TOSUCCESSFUL PROJECT COMPLETION.
The more complex the job, the more thorough you need to be.
Successful projects demand clear communication and partnership between teams. We make sure the insured’s project engineers, logistics managers and contractors are always talking to Aspen’s underwriters, risk engineers and claims adjusters.
When everyone is working closely together the project is completed on time and within budget.
CASE STUDY #1
THE ASK: Deliver a fully assembled heat recovery steam
generator from Indonesia to New York.
THE RESULT: Generator arrives by ship and barge. Once rolled
into position at power plant, every bolt holelined up perfectly.
The information contained herein is for informational purposes only. Coverage may not be available in all jurisdictions and is subject to actual policy language. No representation is made with respect to coverage in any specific fact situation or circumstance. All products are written by insurance company affiliates of Aspen U.S. Holdings, Inc. Coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
