P&I INSURANCE

Owner’s liabilities are the contractual and legal liabilities arising from owning and/or operating a ship.

Owner/manager’s vessel will be insured under P&I insurance warranted that the risks have occured either from legal /contractual liability of the  owners or the risks are derived from peril’s of the sea.
Cover is being provided mainly in the following sections:

• crew claims

• stowaway claims

• collision (unless otherwise specified only ¼ of collision liability is under P&I cover, remaining is included with hull and machinery policy under London, Institute Time Clauses- Hulls.

• wreck removal

• cargo claims

• pollution and mitigation expenses

• towage risks during towage of vessel

• fines 

• quarantine expenses