Insurance and Procurement

Procurement and Insurance Services in Maritime Vessel Management

At GVM, our comprehensive procurement and insurance solutions are designed to safeguard the operational and financial resilience of vessel owners and operators. We understand that effective vessel management extends beyond technical operations—it requires strategic sourcing and robust risk mitigation through tailored insurance coverage.

Procurement Services

Our procurement team operates with global reach and local insight, ensuring timely access to critical marine equipment, spare parts, provisions, and services at competitive terms. Leveraging a trusted supplier network and data-driven systems, we maintain cost-efficiency without compromising quality or compliance. We streamline the procurement lifecycle—from vendor qualification to delivery coordination—supporting uninterrupted vessel performance across all classes and geographies.

Insurance Solutions

GVM offers a full spectrum of marine insurance services to address the complex risks faced by vessel owners, operators, and charterers. Working with top-tier underwriters and brokers, we provide access to specialized marine insurance products, including:

• Hull and Machinery (H&M):Protects against physical damage to the vessel and its machinery.
• Protection and Indemnity (P&I):Covers third-party liabilities including crew injury, environmental damage, and collision liabilities.
• War Risk (WR):Addresses threats arising from conflict zones, piracy, and civil unrest.
• Disbursements – Increased Value (IV):Protects additional interests in the vessel beyond its basic insured value.
• Freight Interest (FI) & Maritime Lien Insurance (MLI):Secures freight revenues and protects against claims for unpaid services or supplies.
• Loss of Hire (LOH):Provides compensation for revenue loss due to vessel downtime from covered incidents.
• Freight, Demurrage and Defense (FD&D):Supports legal costs for charter disputes, freight claims, and contractual issues.
• Marine Kidnap and Ransom (K&R):Offers protection against piracy-related threats, including crew abduction and extortion demands.
• Federal and California COFR Guarantees:Ensures compliance with U.S. pollution regulations.
• Cash on Board and Cash in Transit:Protects physical funds during transfers or onboard handling.

Through this integrated approach, GVM helps clients navigate volatile markets, regulatory challenges, and operational uncertainties—backed by strong insurance coverage and agile procurement capabilities. Whether for a single vessel or an entire fleet, our mission is to provide seamless support and peace of mind at every stage of vessel operation.