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The Shipowners’ Club – Protection and Indemnity (P&I) - Sea Connect

The Shipowners’ Club – Protection and Indemnity (P&I)

 

The Shipowners’ Club is a mutual insurance association. It offers Protection & Indemnity (P&I), Legal Costs Cover and associated insurances to smaller and specialist vessel owners, operators and charterers around the world.

As a mutual association, the Club is owned and governed by its Members. Members share risk and operate on a non profit-making basis. The board of directors is drawn from the membership. Underwriting, claims and loss prevention services are provided by the Managers of the Club.
We have a wide spread of Members across a range of vessel types, operating sectors and geographical areas. This brings stability to the Club. Insurance is made available to the following vessels types: barge, cargo, dive, fishing, harbour, offshore, passenger/tour boat, tanker and yacht. Building on over 160 years of experience, the Shipowners’ Club works closely with Members and their brokers to provide tailor-made insurance packages for each operator according to their particular need.

Visit Site: https://www.shipownersclub.com/

The Club is a member of the International Group of P&I Clubs which represents over 90% of the world’s ocean-going tonnage. Group members participate in common reinsurance programmes and share larger claims. The International Group provides a voice for vessel owners’ views on legislation, conventions and regulations that impact upon their operation.

LATEST CLUB NEWS

METHODS OF COMPLIANCE WITH THE 2020 SULPHUR LIMIT

Last year, the Club produced an infographic which provided preliminary information on the 2020 Global Sulphur Limit. The infographic identified four possible methods that Members could adopt in order to adhere to the sulphur cap of 0.5% m/m. As the deadline to comply draws nearer, the Club has issued more detailed guidance on these methods in order to assist Members in determining which is best suited to the vessels under their management.

DISTINGUISH CLAIMS SERVICE

Over the past few weeks the Club has released a series of articles on our Distinguishing Claims service. The series focused on the value-added service that the Club's claims department offers and highlighted several areas of specialism which differentiate the Club from its competitors. To conclude the series the Club has produced an infographic that summarises the content of these articles.

JURISDICTIONAL SPECIALITY

With a Membership that operates in a wide number of trading areas, it's crucial that our Members are supported by dedicated claims teams who can better advise them when facing claims in a particular jurisdiction. The seventh article in our Distinguishing Claims service series focuses on the capabilities and successes of the Club's claims department when it comes to issues arising from the laws and regulations which govern operations in particular regions.

SUBSEA CABLES: PREVENTING AND MINIMISING CLAIMS AGAINST FISHING VESSELS

Over the past two years, the Club has seen eight damage to property claims allegedly caused by the snagging of fishing gear on subsea cables. Although the number of claims is reasonably low, due to the nature of the property suffering damage, the quantum of such claims is invariably high, sometimes reaching into the millions of dollars.

JAMES M. TURNER & MARIUS VITAS: CONSTRUCTIVE TOTAL LOSS AND SCOPIC

Many will be aware of the significant Court of Appeal judgment in “The Renos” last year. The claim dealt with the question of whether SCOPIC costs could count towards a CTL calculation in a Hull and Machinery claim. Because of the way in which SCOPIC operates, it is more likely to apply in the salvage of smaller vessels, so the ruling was of particular interest to our type of membership.

LATIN AMERICA JURISDICTION GUIDE

In order to best serve our diverse Membership, the Club strives to produce the most up-to-date and relevant guidance to assist Members operating in specific jurisdictions. Our newly released Latin America (LATAM) Jurisdiction Guide provides an overview of common issues arising from the laws and regulations which govern shipping operations in this region. The guide answers key questions for 11 jurisdictions, covering international conventions/liability regime, legal framework and court system, fines, time bars and more.

EMBRACING THE FUTURE OF MARITIME AUTONOMY

Since it was founded in 1855, the Club has witnessed the evolution of the shipping industry from sail to steam and beyond. Today, we are observing one of the most fascinating shifts in recent times, as vessels transition towards greater autonomy. The sixth article in our Distinguishing Claims service series focuses on the Club's recent work with industry groups and UK government on the subject of autonomous vessels, providing insight into the key challenges and opportunities faced by this specialist sector.

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