An Introduction to P&I Insurance and Loss Prevention
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An Introduction to P&I Insurance and Loss Prevention

An Introduction to P&I Insurance and Loss Prevention


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About the Book

Table of Contents:
CONTENTSChapter Page1. INTRODUCTION TO P&I CLUBS 5Ship operators' insurance requirements 5History of marine insurance 6Mutual P&I clubs today 11International Group of P&I Clubs 14Insurance not provided by International Group of P&I Clubs 16Advantages of mutual P&I clubs 16P&I correspondents 19Summary 202. P&I UNDERWRITING 22Premium income 22Types of premium 23Policy year 25Loss ratio 26Reinsurance 27Reserves 29Entering ships in a P&I club 29Summary 313. P&I AND LOSS PREVENTION 33Need for loss prevention 33Reactive approach to loss prevention 33Proactive approach to loss prevention 36P&I clubs and loss prevention 38Summary 384. P&I PRINCIPLES AND RULES 39Underlying principles 39General rules governing P&I insurance 41Major categories of risk covered by P&I 45Summary 465. P&I INSURANCE FOR PEOPLE 47International health and safety legislation 47Domestic health and safety legislation 51Personal injury and illness 51P&I cover for ship's crew 52P&I cover for supernumeraries 55P&I cover for passengers 55P&I cover for third parties 57Loss prevention for crew, passengers and third parties 59Stowaways 61Persons in distress 66P&I cover for stowaways and persons in distress 67ContentsAn Introduction to P&I Insurance and Loss PreventionChapter PageLoss prevention for stowaways and persons in distress 69Diversion and deviation 71P&I cover for diversion and deviation 72Loss prevention for diversion and deviation 73Summary 736. P&I INSURANCE FOR CARGO 74International trade 74International conventions relating to the carriage of goods at sea 81Charterparties and chartering 89Charterparty forms 91Relationship between the charterparty and bill of lading 92Time charterparties 93Voyage charterparties 104Charterparty problems 106P&I cover for cargo 107Loss prevention for cargo 117Summary 1267. P&I INSURANCE FOR SHIPS 127Collisions 127Insurance cover for collisions 131Loss prevention for collisions 140General average and salvage 143Insurance cover for general average and salvage 145Damage to third-party property 146P&I cover for damage to third-party property 147Loss prevention for damage to third-party property 149Wreck removal 151P&I cover for wreck removal 151Towage 152P&I cover for towage 153Pollution 154P&I cover for pollution 165Loss prevention for pollution 168Summary 1708. OTHER P&I RISKS, EXCLUSIONSAND DISCRETIONARY COVER 171Other risks and liabilities covered by P&I 171Risks not covered by P&I 173Discretionary nature of P&I insurance 176Summary 177Chapter Page9. P&I clai ms handling 178Advising of the incident 178Visitors to the vessel 179Responding to the incident 179Appointing experts 179Establishing contact 180Risk of arrest 180Evaluating evidence 181Submission of claim documents 181Settlement negotiations 181Possible indemnity claims 181Choice of jurisdiction and law 182Arbitration 182Mediation 183Interaction of P&I and H&M insurers 183Claims handling following personal injury incidents 184Claims handling following collisions 185Summary 18710. OTHER TYPES OF M ARINE INSURANCE 188Hull and machinery insurance 188Freight, demurrage and defence insurance 195War risks insurance 208Summary 210INDEX 213Contents

About the Author :
North of England P&I Association, withoffices in the UK, Hong Kong, Greece andSingapore, is one of the leading internationalmutual marine liability insurers with over80 million GT of entered tonnage. TheAssociation has developed a world-widereputation for the quality and diversity of itsloss-prevention initiatives, which includethis series of loss-prevention guides.North of England's unique training coursein P&I insurance and loss preventionprovides a comprehensive introductionto marine liability insurance and lays asolid foundation to many other aspects ofmaritime law. The course is suitable forship and shore staff of shipping companies,P&I club and correspondent staff, lawyers,surveyors and consultants. Each student cancomplete the course at their own pace andbenefits from the support of a personal tutorthroughout their studies. Students enrollingon the course receive a copy of this guide,a companion course workbook and all othersupporting material required to completethe course.


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Product Details
  • ISBN-13: 9780954653798
  • Publisher: NorthStandard Limited
  • Publisher Imprint: The North of England P&I Association Limited
  • Height: 210 mm
  • ISBN-10: 0954653793
  • Publisher Date: 01 Feb 2008
  • Binding: Paperback
  • Width: 148 mm


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