Marvic Marine Residual Value Insurance Information

MARVIC is the world’s only dedicated insurer of Marine Residual Value Insurance (RVI) and is headquartered, regulated and domiciled in Guernsey. The company is reinsured with an ‘A’ rated reinsurance programme. By purchasing a Residual Value Insurance policy, a ship-owner can make significant cash flow savings on ship mortgage or loan repayments. Why will this help and how does it work? Marine RVI provides an insured value at the end of a finance period. Capital repayments on the insured proportion of the loan can be deferred until the end of the loan period. This results in significantly reduced cash outflows during those potentially difficult first years of vessel ownership. At the end of the initial loan period the ship-owner has the option to pay off the remaining debt from their own resources; refinance the debt or sell the ship to repay the loan.