Legal Advisory Service
We have two aspects in the legal advisory services: Offshore Corporations and Certifications. We have a network of legal firms and advisors in countries across the globe, so as to provide continuous national and international offshore services to our clients. In case, the cargo or ships of clients are being held on account of certification problems in international waters, our legal team resolves such issues. We provide specialised services for maritime documentation and handling of claims for companies and seafarers.
At OCEANSTAR Maritime, we understand the risks involved in a seaway and also are aware of the offshore hazards. We use global processes and techniques like HAZID and HazCom to identify and communicate these hazards and risks. We analyse the areas needing upgradation and enhancement and the processes needing correction. We facilitate expeditious decision making for our clients based on our relationship with the classification society and the latter’s trust in our expertise.
Marine Insurance Consultancy
At OCEANSTAR Maritime, we offer marine insurance consultancy services where we identify and evaluate risks and guide our clients for various insurance policies. The volume of insurance depends on the type of goods or products in the cargo. Deploying our deep-rooted professional acumen and an eye for technical detail, we aid our clients in approaching the insurance companies with appropriate documentation so as to accelerate the pace of issuance of policy.
At OCEANSTAR Maritime, we identify and evaluate risks and guide our clients for suitable marine insurance cover to problems or damages that may arise when the ships, cargo or vessels are out at sea. We have tie-ups with major insurance companies so that our clients get the best in class services and offers.
Hull and Machinery Insurance
This type of marine insurance protects the insured vessel or fleet against any physical damage caused by a peril of the sea or other covered perils while the vessel is in transit over water. H&M insurance, is a type of marine insurance that covers a variety of vessels in any kind of waterways such as tugboats, barges, floating machinery and even oil rigs which are mainly operated in the coastal areas.
This type of marine insurance provides coverage against physical loss or damage to the freight from any external cause during shipping, whether by land, sea or air. The cargo can either be merchandise or wares or goods. Cargo insurance is especially important when the trade is international. Cargo insurance covers the transit from the source to the destination i.e. door to door insurance cover.
Protection and Indemnity Insurance is liability marine insurance for all maritime liability risks associated with the operation of a vessel, other than that covered under a workers compensation policy and under the collision clause in a hull policy.
We guide the clients in assessing their needs and magnitude for this insurance in the core coverage areas like liabilities and expenses for injury, illness or death of a crew member passengers or other persons; carrier’s third-party risks for cargo damage; war risks; and risks of environmental damage
At OCEANSTAR Maritime, we handle one of the important aspects in the shipping industry that is the sales and purchase of the ships. For a smooth purchase experience, we provide a range of services, beginning from the initial building of the ship until it is fully finished and later, even the ship recycling.
In ship chartering, the ships or vessels are also hired for use by other companies on a contract basis. Depending on the type of ship or vessel, and the type of ship chartering; we help in drawing up a standard contract form called Charter Party that is used to record the exact rate, duration and terms agreed between the ship owner and the charterer.
Ships have a lifespan of about 25 to 30 years. Ship recycling is done after the usable lifespan of the ships is over, when the ships are decommissioned and the usable materials of steel, iron, etc. are re-used. At OCEANSTAR Maritime, we understand the importance of ship recycling and provide this service too.