The purpose of Protection and Indemnity (“P&I”) insurance is to shield the assured from the risk of his liability to others arising from his maritime activities. Unlike loss insurance, P&I responds to liability for damage or loss which the assured has caused to others.
HSA SEMINAR ‘P + I CLUB’
November 2022
1) The usual covers that P&I Clubs provide are:
– Loss or Damage to Cargo
– Pollution from Ship or her Cargo
– Loss of Life or injury to crew members or Passengers
– Removal of wrecks
– Oil-spill fines
– Damage to fixed or floating objects
– Collision with other Ships
– Stowaways and Repatriation
– Uncoverable General Average Contribution
– Liability under approved Towage Contract
2) They also provide:
– Statistics
– Guidelines Extensively
– Consultancy
– Preloading Surveys
– Representation in all main World Ports
– Legal Advice
3) Other Covers
– F.D.&D.
– Ship Managers’ Liability
– Cyber
– Ship Brokers Liability
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