Wreck Removal Is an insurance guarantee that provides protection from the risk of liability costs for the removal of the ship’s skeleton (Wreck Removal) by the port authority which can be extended to the risk of liability
Example
The ship ran aground and was declared completely damaged. Coastal authorities order the removal of damaged vessels that are obstructing traffic navigation. P&I covers costs related to maintenance, removal, damage based on legal laws which are recovered by members
