An Introduction to P&I Insurance and Loss Prevention (Third Edition)
This publication provides a comprehensive introduction to marine liability insurance. It focuses on the services provided by members of the International Group of P&I Clubs, which mutually insure over 90% of the world’s oceangoing tonnage. It also introduces key international conventions and regulations governing international shipping, as well as the topic of maritime loss prevention.
This publication introduces readers to P&I Club representation, detailing requirements for hull and machinery (H&M) and protection and indemnity (P&I) insurance. P&I underwriting is also examined through subjects such as obtaining income from premiums. The book is supported by extracts from the ISM Code, outlining the safety requirements shipping companies should endeavour to meet. Detail is given on risks excluded from P&I insurance, such as loss of hire and war. It is a key reference book for North’s long established educational courses on the topic of marine insurance.
North P&I Club
North is a leading global marine insurer with over 160 years of history in the industry.