Kathmandu. Dilbar is also known for its luxurious amenities and high-end design. The ship has a 25-meter long swimming pool. It is considered to be the largest private aircraft.
The water from the swimming pool can be removed and converted into a dance venue. It also features two helicopter landing pads, a modern spa and wellness facility, a submarine garage, and luxurious interior décor designed by renowned designer Alberto Pinto.
The ship has a capacity of approximately 26 guests and approximately 96 crew. Operating such a luxury ship with such a large crew and complex technology systems is extremely challenging.
With the ship’s two powerful diesel engines, the yacht can reach a top speed of around 41.7 km/h. This ensures a smooth and comfortable cruise at sea. There are 20 luxury cabins in Dilbar.
Insuring a large property like Dilbar requires special underwriting skills and significant financial ability. Typically, this type of insurance is provided by international marine insurance syndicates such as Lloyd’s in London. Where many of the risks are shared between insurance and reinsurance companies.
Luxury ship insurance policies typically include hull and machinery coverage. It protects against damages such as collisions, shipwrecks, fires or mechanical failures.
Security and indemnity (P&I) cover is also included. It addresses third-party compensation claims arising from maritime activities.
In addition, crew liability insurance is often added along with environmental liability cover for events such as fuel spills or pollution, and in the event of movement in certain areas, war risk insurance is also included. With such high costs and complex risks, the annual insurance premium of a ship like the Dilbar can run into the millions of dollars. This premium depends on the area in which the ship operates, the safety measures, the experience of the crew and the risk profile of the owner.
The price of the dilbar is also significantly higher than other high-value insured luxury properties. For example, the 1955 Mercedes-Benz 300 SLR Uhlenhout Coupe sold for about $142 million in 2022. This made it one of the most valuable cars in history. Leonardo da Vinci’s famous painting ‘Salvator Mundi’ sold for $450.3 million. However, such artefacts are often covered by partial self-insurance or special museum-based insurance.
On the other hand, luxury ships like the Dilbar are always at sea and face a variety of operational risks. That’s why they need full commercial marine insurance. This is why dilbers are often considered to be one of the most expensive fully insured personal assets in the marine insurance industry.
According to experts, Dilbar is not only a prime example of luxury ships but also a reflection of the increasing financial risks associated with luxury private fleets worldwide. For the marine insurance and reinsurance sectors, such high-value assets are creating the need for more complex risk management in the future.
Whose ship is this?
Dilbar is owned by Russian billionaire Alisair Usmanov. The yacht was built by Larsen, a shipyard in Bremen, Germany. The company is famous for building large and luxury ships.
About $600 million to $800 million was spent to build Dilbar. This reflects the yacht’s luxurious standards, advanced technology, and impressive size.
With a length of approximately 156 metres (511.8 ft) and a total tonnage of approximately 15,917 GT, the Dilbar is one of the largest yachts ever built. –Agency
