What is SeaCover?

SeaCover is the means by which GESeaCo's customers can eliminate the cost of repairing damage to a leased tank at off-hire. All damage up to the specified limit is covered. Use the tank within the design specification, return the tank with a cleanliness certificate and off-hire costs are eliminated.

Why SeaCover is best for you?

The rigours of transportation often result in miscellaneous and accumulated damages. Surveyors will determine repair charges at the end of the lease. Seals and gaskets often need to be replaced; depot repair estimates analysed, surveyed and authorised; invoices processed; the quality of the repair supervised. The process takes management time and standard liability insurance is not normally designed to reimburse these costs. SeaCover solves the problem since it's easy to arrange and cost effective.

How does SeaCover work for you?

GE SeaCo takes responsibility for costs when the SeaCover option is agreed. At the end of the lease GE SeaCo arranges to accept the clean tank into depot and make arrangements for the entire off-hire process, including costs. There are no complex claims procedures; the customer returns the tank and GE SeaCo takes full care and responsibility. SeaCover saves your time.

What is not covered?

There are no complex insurance documents detailing onerous exclusions. SeaCover terms are included in the lease contract. SeaCover excludes only cargo cleaning, cargo attack to the tank, negligent operation and missing parts. SeaCover makes it easy to manage your budget!

How much does SeaCover cost?

SeaCover rates are minimised since SeaCover is included with the daily rental and a nominal fixed lump sum on return. Rates depend upon the number of units leased, lease term and region of use.

Is Liability Insurance required?

It is necessary to continue to retain all Risk Liability Insurance for all risks including marine risks, perils, third party, cargo loss and major incidents. Liability insurance is generally designed to protect against major specific events. SeaCover takes care of accumulated off-hire charges.