STRIKE
Strike insurance is a special additional insurance added on the basis of shipping insurance, which can compensate for any applicable delay during the policy year, and any applicable delay suffered by the insured ship at any port or departure due to one or more of the following risks: (a) strike or blockade (except for crew strike); (b) Crew strike.
The insurer shall not be liable for any indirect loss caused by the strike that makes the goods unable to be transported and loaded normally.
A strike risks insurance covers possible loss of time due to work interruptions caused by strike or technical problems in the port. Loss of Hire Insurance would not be suitable in this case as it only covers trading interruptions as a consequence of a covered damage to the hull or the machinery.
