Protection and Indemnity is insurance in respect of third party liabilities and expenses arising from owning ships or operating ships as principals. The forerunners of P&I clubs were mutual hull clubs which were first formed at the beginning of the 18th century by ship-owners in England to ensure hull risks on a non-profit making basis, so as to avoid paying the high premiums charged by the market insurers at that time. We provide representation for the Protection and Indemnity Clubs and their ship-owners/charter members, to whom the clubs provide cover against third party claims.
Our compact and highly skilled team enables us to focus more effectively on our clients’ needs. We in Pakistan represent 38 major and minor P & I Clubs of the world, including the 12major clubs, which are located mainly in Europe and have a major portion of world tonnage.
The main risks covered are liabilities, expenses, & costs for:
- Loss of life, injury, and illness of crew, passengers and other persons
- Cargo loss, shortage or damage
- Damage to docks, buoys and other fixed and floating objects
- Wreck removal
- Fines and penalties
- Mutiny and misconduct by the crew
- Crew repatriation and substitution
- Damage to property on board the insured vessel
- Vessel Diversion Expenses
- Unrecoverable General Average contributions
- Vessel’s proportion of General Average