The life cycle of a ship starts at a shipyard. The keel is laid and the build starts. Sections are made and these are welded together. The ship is gradually showing her beauty. After an average of one year, she is christened, launched and delivered to her owners. Between the launching and delivering, she has her sea trials to experience how she behaves once she is on the sea. Between keel-laying and the delevering, something unexpected can always happen which causes damage to the ship. Or even when she is already sailing for her owners a problem can occur that was not noticed during her construction. To deal with these unfortunate setbacks there is builders risk and guarantee insurance.
