Cargo Pool

FVOA manages a cargo insurance program called Halibut Producers' Pool, and it is set up very similar to the hull pools. However, this pool covers costs associated with loss or damage to sablefish and/or halibut. Quota shareholder members should ask the vessel owner to whom they lease to secure this coverage. Quota shareholders can also take out this coverage if they choose to do so. The cargo pool covers the first $100,000 per trip and we have excess coverage up to $500,000 per trip. The premium refund after 4 years of participation has been 95% on the $100,000 premium charge covered by the pool. For more details on Cargo insurance, please call (206) 284-4720.

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