Our Mission at
Marasco-Marine
Marasco-Marine provides tailor made and reliable Marine Insurance policies to it’s worldwide clientele, with unsurpassed service.
Our mission, at Marasco Marine, is to solidify YOUR financial status prior to an incurred casualty, or a maritime loss resulted from the transportation of cargo by sea and
to contribute effectively to your company's economic stability and uninterrupted growth.
Anastasios A. Maraslis, President and
Insurance Broker since 1983
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A Message From Our President,
Anastasios Maraslis
"For the last twenty seven years, I have learned that insurance is a personal, service-oriented business. You need to feel confident that you are talking to a qualified, responsible and caring broker, for he is the only person who will stand by you when the most help is needed. You must feel confident that your broker will act fast, responsibly, and with personal care.
When you favour your shipping business & insurable interests to Marasco-Marine, I will personally be working with you every step of the way to provide innovative insurance solutions to save your operation time and money. I will make sure your company is financially prepared against Maritime Risks or Losses at any time. Please contact Marasco-Marine by calling, or using the form below" - A. Maraslis
 Contact Us At:
Marasco Marine, LTD
Telephone: +30-210-418-0000
Fax: +30-210-452-9505
Email: info@marasco-marine.com
Office: S.T.I.C BUILDING
3, Voudouri Street
Marina Zea, 185 37
Piraeus, Greece
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Marine Coverages & Conditions from Marasco-Marine
Marasco Marine is specializing in Marine Insurance Business since it was established by its founder Mr. Anastasios Maraslis in 1991. Marasco Marine Ltd.'s experienced and dedicated team of brokers and claims support consultants is focused in providing highly competitive, first class and cost effective marine insurance solutions to the risks faced by Shipping companies around the world. This singular purpose defines our approach and underlines our commitment to consistently exceeding our clients’ expectations.
Below is a list of common Marine Insurance terms and coverages. Please feel free to request a quotation on any coverages that may be needed by your ship owner's business operation.
Hull and Machinery
Physical loss or damage cover for all types of vessels. The scope, basis and extensions of cover provided are adapted to suit individual client’s needs. Tailor made policies. Detailed quotation form here.
Protection and Indemnity (P&I)
Covering any third party liabilities insurance, for all types of vessels, i.e to the cargo, to crew members, for sea pollution etc. Arranged with International Group Clubs, Independent, fixed cost, Clubs or Insurance companies.
Detailed quotation form here.
Disbursements (Increased Value) or Freight Interest Insurance
An ‘amount’ insured in excess of the vessel’s sum insured, which is calculated to cover additional costs and expenses (including lost freight earnings) associated with the total loss of a ship.
Freight, Demurrage and Defence (FD&D)
Also referred to simply as “Defence” cover or P&I rule book II insurance. In certain instances an optional addendum to P&I coverage. This insures the shipowner/shipmanager from legal costs associated with either the defense or pursuit of a claim relating to the insured vessel, for example, the legal fees resulting from a charter party dispute and many others.
Detailed quotation form here.
Crew Personnel Accident (PA) Cover
Personnel Accident cover designed specifically for ship’s officers and crew. Often arranged in circumstances where the vessel is not entered with a P&I Club, or arranged under contract by owners or managers for the benefit of crew and their dependents or when there is a high P&I deductible i.e USD 10,000 leaving the majority of claims at owners/managers expense, and loss.
Hull and Machinery- War & Strikes Risks
Cover against War, Strikes, Riots, Civil Commotions etc. Generally, but not always, arranged separately to a vessel’s Hull and Machinery Insurance and extended to include War Protection and Indemnity Risks. Trading to ‘Excluded’ areas (as defined within the London Market’s list of excluded areas) is customarily subject to specific agreement.
Detailed quotation form here.
Loss of Hire
Insurance designed to protect a ship owner for potential loss of earnings of a vessel (either freight or charter hire) resulting from a casualty. Cover is usually stipulated to respond in the event of a peril insured under the vessel’s Hull and Machinery Policy.
Vessel’s Trade Disruption/Cash flow protection
An extended form of Loss of Hire cover which protects a ship owner from loss of earnings caused by a broad range of geo-political exposures, or a maritime casualty.
Builders Risks
Physical loss or damage cover for a shipbuilder during a vessel’s construction period. Customarily tailored and extended to include faulty design risks during a warranty period and in accordance with specific shipbuilding contracts.
Detailed quotation form here.
Builders Risks – Consequential Loss
Cover to protect a ship owner from a delay in a vessel’s delivery as a result of a casualty during construction. Typically arranged in the event of a vessel being built to meet contractual delivery deadlines or to comply with a contract of affreightment.
Detailed quotation form here.
Mortgagees Interest Insurance
Cover to protect the financial interest of a Mortgagee in the event of a loss which is irrecoverable from the vessel’s Hull and Machinery Insurance. For example, a claim for total loss repudiated by hull underwriters due its happening outside the policy’s trading area (warranty).
Motor & Sailing Yachts Insurance
Hull and Machinery, and third party liability cover for yachts and pleasure craft valued over USD1million, including chartered.
Detailed quotation form here.
Charterers Piracy Trade Disruption
Covers payments that charterers are liable for in the event of a vessel being captured. Available on a single breach and annual basis, this insurance allows charterers to declare vessels for the specific period, whilst transiting or calling at ports in high risk areas.
Please fill in the general enquiry form.
Charterers Cover for GA / Salvage Costs
Designed to give charterers greater control during a salvage or GA event and suitable for any charterer who wishes to protect a contract to provide services for mainline operators, shippers or forwarders. This cover allows a charterer to step in for cargo interests and provide security on their behalf, as well as settling the claimed GA and salvage costs.
Please fill in the general enquiry form.
Marine Kidnap and Ransom
Ensures that if a vessel is captured and a ransom demanded for her release, the shipowner is able to respond quickly and with the support of experienced crisis-handling professionals to ensure the safety of the crew and expedient release of the vessel. It covers the ransom paid, the loss in transit of the ransom, the fees and expenses of security experts, plus certain additional expenses and legal liability.
Detailed quotation form here.
Cargo Insurance / Open Cover
Provides Insurance for all types of Cargo non dangerous or dangerous, whether by sea, land or air, shipped anywhere in the world. Each cover is individually created to address the risks involved and will include an appropriate range of extensions providing wider coverage than is offered under standard Institute Cargo Clauses. Open cover type of policies are also provided for regular shipments minimizing beaurocracy and constant cargo declarations.
Detailed quotation form here.
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