Liability to/in respect of: third parties, including cargo owners; the shipowner; indemnity to owner for liability to third parties; general average and salvage (time charterers only). Insurance cover is available on a fixed premium basis and cover is limited to the amount the charterer would have been able to limit his liability had he been the shipowner. Shortfalls in cover may be arranged in P & I Clubs, a charterers’ club or in the London market.