SeaCover is GE Seaco’s damage protection plan (DPP).  It is a means for you, the customer, to eliminate the cost of repairing damage to the tank at off-hire. Operating containers in any environment is likely to result in the need for repairs and maintenance, which can lead to uncontrolled costs at off-hire, as well as administration and time delays.  By choosing SeaCover, you can calculate your costs in advance and pay them as a per diem charge, allowing you to budget expenditure.

How Does it Work?

If you agree the SeaCover option at the start of the lease, you will be covered for repairs up to a set amount at the end of the lease.  

When your operation of the tank is complete, simply clean and return it to the depot advised by GES.  GE SeaCo will then make all the arrangements for SeaCover off-hire, including inspection of the tank and preparation of a repair estimate.  The repair items will be allocated to either GE SeaCo or the lessee, depending on the type of damage.

Lessee pays: cleaning costs; cargo attack to the container (from an incompatible cargo, for example); gross negligent operation; and missing major parts, such as valves.  The only other costs are those of handling and transport to and from the repair depot.

GE SeaCo pays: surveys; repairs; and missing parts, such as gaskets, seals, valve handles, outlet caps, outlet blanks, nuts and bolts, and decals.

If there are no costs outside of SeaCover the repairs will be automatically approved, saving time and management.  If there are other costs outside of the agreement then GE SeaCo will notify you to allow you to approve or survey the damage as appropriate.   SeaCover takes the headache and surprise out of off-hire.  As a Damage Protection Policy, SeaCover covers repairs to damage during normal operation and use of the tank within a Damage Protection Policy, SeaCover covers repairs to damage during normal operation and use of the tank within the design specification. It will still, however, be necessary to retain all risk liability insurance for all events, including marine risk, perils, third party, cargo loss and major incidents.