P&I is insurance in respect of third party liabilities and expenses arising from owning ships or operating ships as principals.

• Illness, Injury and Loss of Life – Seamen

  Liability to pay damages or compensation for illness, personal injury or death of the Master or a member of the crew , including hospital , medical or funeral expenses incurred in relation to such illness , injury or death where such liability arises on board the Insured Vessel or in the course of handling cargo from the time of receipt of the cargo from consignor or shipper at the port of loading until the time of delivery of that cargo to the consignee at the port or place of discharge.

• Illness, Injury and Loss of Life – person other than seamen

  Liability to pay damages or compensation for illness, personal injury or death of any person, other than an employee of the Assured/Joint-assured(s), including hospital, medical or funeral expenses incurred in relation to such illness, injury or death where such liability arises on board the Insured Vessel.

• Loss of or damage to property

  Liability to pay damages or compensation for any loss of or damage to any property (including infringement of rights in connection with that property) whether on land or water and whether fixed or moveable, not being another ship or cargo carried in the Insured Vessel.

• Wreck removal

  Liability for the costs and expenses of raising, removing, destroying, lighting or marking the wreck of an Insured Vessel or of any cargo carried aboard such vessel, but always provided that the Assured is obliged by law to perform such operations or bear such expenses

• Pollution risks

  The liabilities, losses, damages, costs and expenses set out below under A. to D. when to the extent that they are caused by or incurred in consequence of the discharge or escape from the Insured Vessel, of oil or any other substance, or the threat of such discharge or escape.

  • Liability for loss, damage or contamination.
  • The costs of any measures reasonably taken for the purpose of avoiding or minimizing pollution or any resulting loss or damage together with any liability for loss of or damage to property caused by measures so taken.
  • The costs of any measures reasonably taken to prevent an imminent danger of the discharge or escape from the Insured Vessel of oil or any hazardous substance which may cause pollution.
  • The costs or liabilities incurred as a result of compliance with any order or direction given by any government or authority for the purpose of preventing or reducing pollution or the risk of pollution, provided always that such costs or liabilities are not recoverable under any other insurance.
• General Average

  Unrecoverable general average contributions- cargo.

  The proportion of general average expenditure (including salvage) and special charges which the Assured is entitled to claim from cargo interests or from some other party to the maritime adventure, but which are not legally recoverable solely by reason of a breach of the contract of carriage.

• Sue & Labour and Legal Costs

  Costs including legal costs and expenses reasonably incurred by the Assured on the occurrence of an event or matter liable to give rise to a claim, in avoiding or seeking to avoid or minimise any liability or expenditure or loss against which it is insured by the Insurer provided that such costs and expenses have been incurred with the Insurer’s prior written agreement

• Fines

  Liability for fines imposed by any court, tribunal, or Authority of compatent jurisdiction upon the Assured or upon any person for whom the Assured is legally liable to reimburse, for any of the following:

  • Short or over delivery of cargo or for failling to comply with regulations concerning declarations relating to goods or cargo or to the Insured Vessel’s documents;
  • In respect of pollution by oil or other substances;
  • Smuggling or any infringement of any customs law or regulation relating to the cargo or the Insured Vessel;
  • Breach of immigration laws or regulations;
  • Any act, neglect or default other than those specified above, of any servant or agent of the Assured in the course of their duties in respect of the Insured Vessel.
• Cargo Liabilities

  Liability for loss, shortage, damage or other responsibility arising out of any breach by the Assured, or by any person for whose acts, neglect or default he may be legally liable, of his obligation properly to load, handle, stow, carry, keep, care for, discharge or deliver the cargo or out of unseaworthiness of the Insured Vessel, excepting the case when it is ascertained the vessel was in unseaworthines condition at the commencement of the voyage.

• Quarantine expenses

  Liability to pay damages or compensation and/or additional expenses incurred by the Assured as a direct consequence of an outbreak of a contagious or infectious disease on the Insured Vessel, including quarantine and disinfection expenses and the net loss to the Assured in respect of bunkers, insurance, wages, stores, provisions and port charges.