New insurance scheme for fishing boats

New insurance scheme for fishing boats

New insurance scheme for fishing boats

Written by Staff Writer

26 Aug, 2018 | 3:42 pm

Colombo (News1st) – A spokesperson of the Ministry of Fisheries and Aquatic Resources Development says that a new insurance scheme will be introduced to pay for partial and full damages sustained by fishing boats.

Its Director-General Prasanna Janaka Kumara said that the existing insurance scheme does not pay for partial damages sustained by vessels.

However, when a fishing vessel is partially damaged by an accident or due to technical difficulties it is expensive to bring it back to shores.

Director General added that the decision to introduce a new insurance scheme was taken after taking this into consideration.

He further noted that discussions have already been held with several insurance companies regarding this.

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]