FAQs
Fishing vessels refer to any floating unit engaged in marine fishing operations and powered by a fixed inboard engine.
The Cooperative Insurance Fund is an Egyptian entity established to provide mandatory insurance coverage and protection for motorized fishing vessels and their crew under the supervision of the Financial Regulatory Authority (FRA).
The insurance also covers the crew members on board the vessel against injuries, accidents, and death.
Insurance for fishing vessels and their crew is mandatory, not optional, in accordance with Law No. 158 of 2002.
Insurance coverage becomes effective from the date the insurance policy is issued and the subscription fee is paid. It remains valid until December 31 of the same subscription year and continues to be effective only throughout the three-month grace period permitted for the renewal of the fishing license.
The Fund provides insurance benefits that include compensation for the fishing vessel in the event of loss, total loss, or partial damage, as well as compensation for crew members who are injured while on board the vessel, or for their beneficiaries in the event of death.
Accidents should be reported by contacting the Fund’s headquarters by phone and submitting all supporting documents related to the incident. This enables the Fund to review the insurance claim and take the necessary procedures.
What documents are required to claim compensation?
The required documents vary depending on the type of claim, whether it relates to a fishing vessel or a crew member.
For fishing vessel claims, the following documents are required:
- Border Guard report.
- Insurance policy.
- Navigation license.
- Fishing license of the vessel.
- Vessel registration certificate.
- Official copy of the police report related to the reported incident.
- Debt clearance certificate issued by the relevant fishermen’s association.
- Power of Attorney (if applicable).
For crew member claims, the following documents are required:
- Official copy of the police report related to the reported incident.
- Border Guard report or a copy of the vessel’s sailing log.
- Original death certificate, or a medical report stating the percentage of disability in case of injury.
- Certificate of inheritance.
- Guardianship order for minors (if applicable).
- Power of Attorney (if applicable).
Yes. You can track the status of your claim and check any required documents by contacting the Fund by phone using the contact numbers provided in your insurance policy.
You can contact the Fund through the official communication channels listed on the website to receive support or inquire about the services provided.
