SPONSORED:www.CrazyFans.com

backup content in case it doesn't work

How does a shipowner normally insure against third party liabilities such as oil pollution claims, cargo claims and personal injury claims?

MCA Oral Exam Questions
Typography

By entering his ships with a P&I club. 

The only third party liability usually insured by Lloyd's or London insurance company underwriters is collision liability, and this is usually restricted to three-fourths of the liability or three- fourths of the insured value, whichever is less. The shipowner therefore obtains cover for the remaining one-fourth from his P&I club.

 

BLOG COMMENTS POWERED BY DISQUS