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How do P&I clubs operate?

MCA Oral Exam Questions
Typography

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.

 

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