Offshore Support Vessel Insurance
Hull and liability insurance for OSVs, PSVs and diving support vessels serving SA's offshore industry.
About Offshore Support Vessel Insurance
South Africa's offshore oil and gas sector — centred on the Mossel Bay and deeper Karoo basin prospects, as well as mature production at Block 9 and exploration offshore the West Coast — requires a fleet of offshore support vessels (OSVs). Platform supply vessels (PSVs), anchor handling tug supply vessels (AHTS), diving support vessels (DSVs) and crew transfer vessels (CTVs) all require specialist marine insurance. The risks in offshore operations are substantially higher than in port or coastal trading: weather, equipment failure, diving operations and proximity to offshore installations all create complex liability exposures. Lloyd's and specialist offshore marine markets typically underwrite this class.
Main Operating Areas
Insurance Requirements
- Hull & Machinery (offshore conditions)
- P&I including offshore liability
- Diving operations liability (DSVs)
- Wreck removal
- Crew PA enhanced limits
- OPA 90 compliance (US waters calls)