Hull and machinery insurance for ships, vessels and remotely operated vehicles

Summary

Grupo Tragsa is procuring one-year floating hull and machinery insurance for ships, vessels operating in national waters and remotely operated vehicles (ROVs), in three lots, with the option of up to three one-year extensions. Cover includes, among other things, damage to vessels and equipment, collision-related liability, and war and strike risks; additional vehicles may be added to the insured fleet during the policy term. The insured values are EUR 70 million, EUR 30 million and EUR 500,000 respectively, and the total base tender budget is EUR 1,065,000 excluding taxes.