in

How do P&I clubs operate?

Each club is controlled by a committee of directors representing its shipowner members and is managed by a firm of managers usually comprising insurance experts, maritime lawyers and experienced mariners.

Each club operates on a non-profit-making basis, i. e. its income from calls on members and investments must balance claims paid plus expenses. Large claims are examined by the directors at regular meetings before a payment is made to a member.

 

Written by Master

Comments

Leave a Reply

Loading…

0

Comments

0 comments

Is P&I cover compulsory for shipowners?

How many P&I clubs are there?