Tiếng Việt
Marine Terminal Operators Liability (MTOL) Insurance
Protects port and terminal operators when cargo, vessels, or third parties suffer loss or damage during handling, storage, or movement at the terminal—so one incident doesn’t disrupt operations or cash flow.
Target clients
- Sea/river ports
- Container terminals (CY/CFS/ICD)
- Bulk/liquid terminals
- Ro-Ro terminals
- Depots and inland dry ports
- Stevedoring companie
- Terminal managers/operators
Core protections
- Liability for loss or damage to customers’ cargo and containers while in your care, custody, or control (handling, storage, reefer plug-in).
- Third-party bodily injury and property damage arising from terminal operations (yard cranes, forklifts, trucks, rail spurs).
- Errors & omissions in terminal/stevedoring services (misdelivery, wrong release, documentation mistakes).
- Wharfinger’s liability—damage to vessels due to berth/jetty conditions, moorings, or aids to navigation under your control.
- Legal defense, investigation, and mitigation costs within policy limits.
Add-on protections
- Liability for containers, chassis, and handling equipment (including lease obligations).
- Pollution liability (sudden & accidental) from terminal operations.
- Fines & duties following customs/border errors (where insurable).
- Subcontractors/contractual liability extensions and additional insureds (shipping lines, port authority).
- Temperature-controlled cargo deterioration (reefer failure), delay/consequential loss (limited buy-backs).
- Worldwide territory/jurisdiction options and Excess/Umbrella limit top-ups.
Results you can expect
- Meet port authority, concession, and shipping-line insurance requirements.
- Protect working capital from high-severity claims and legal fees.
- Fewer disputes and faster claim resolution with clear risk allocation.
- Confidence to scale multi-modal, high-throughput operations.
Vietnam Legal Requirements
Is it mandatory in Vietnam? No. MTOL isn’t required by law. However, port authorities, concession agreements, and shipping-line contracts commonly require it. Related statutory covers may still apply (e.g., Motor Third-Party Liability for yard vehicles; Compulsory Fire & Explosion for eligible premises).
