Year: 2025 Language: English Author: NorthStandard Genre: Other Edition: April 2025 Format: PDF Quality: eBook Pages count: 6 Description: In 2000, the Institute of Chartered Underwriters in London revised the Institute Warranty Limits (IWL). Since 1 November 2003, the limits have been referred to as the International Navigating Limits (INL). The INL define the geographical limits within which ships are able to operate without incurring additional insurance premium from hull and machinery and other relevant underwriters. Operating outside the INL, in areas which can include significant hazards such as ice, could lead to damage to the ship and delay necessitated by repair. Read more about charterparty trading limits, insurance cover and navigating limits in this briefing.
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International Navigating Limits
Language: English
Author: NorthStandard
Genre: Other
Edition: April 2025
Format: PDF
Quality: eBook
Pages count: 6
Description: In 2000, the Institute of Chartered Underwriters in London revised the Institute Warranty Limits (IWL). Since 1 November 2003, the limits have been referred to as the International Navigating Limits (INL).
The INL define the geographical limits within which ships are able to operate without incurring additional insurance premium from hull and machinery and other relevant underwriters. Operating outside the INL, in areas which can include significant hazards such as ice, could lead to damage to the ship and delay necessitated by repair.
Read more about charterparty trading limits, insurance cover and navigating limits in this briefing.
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