OREANDA-NEWS. December 6, 2010. Allianz Ukraine Insurance Company indemnified losses to a legal entity under a voluntary insurance agreement on shipowner liability for the damaged cargo shipped by motor vessel in the water area of the Sea of Azov.

On its way to the destination point the motor vessel got into an ice bridge, which resulted in damage of the vessel hull and the shipped cargo. Insurance coverage under the agreement included such risk as “liability for general average costs”. The paid out amount was UAH 1,127,161.