the charterers P&I club
We are an international team of reputable, dedicated and knowledgeable marine insurance professionals, proud of delivering high quality insurance products and advisory services to companies that charter vessels to carry cargo by sea.
With the creation of the Charterers P&I Club in London in 1986, we set up the first vehicle dedicated exclusively to charterers and rapidly established ourselves as a respected market leader. Since then we have consolidated this position and our international team of maritime professionals can offer clients unrivalled levels of expertise and experience in this specialised and technical field. This formidable resource is backed up by an insurance policy underwritten by one of the world’s largest insurance companies, with a market-leading financial rating.
Our comprehensive charterers’ liability cover and freight demurrage and defence insurance are available to all charterers and traders. Currently, the Club has insured over 400 charterers and 16,000 vessels. Our client pool includes clients from large shipping companies and cargo interests who might only have a few requirements for a handful of fixtures per annum.
Exclusively for Charterers
The shipping industry operates in a liability environment. These days, it has become more legislative thanks to the increasing amount of regulations on pollution and safety.
Charterers are exposed to different risks, either through contractual indemnities and liabilities or to other third parties. For these reasons, Charterers P&I as part of the MECO Group offer liability insurance exclusively for charterers.
On 4 September the US Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued guidance to the shipping industry on the sanctions regimes applicable to the carriage of Iranian oil and petrochemical products, bunkering of vessels destined for Iran and also an update on vessels that are deemed to be controlled by Iranian interests. The Grace 1 case at…Read More »
On 5 August 2019 President Trump issued Executive Order 13884 which further expands the scope of US Sanctions against the regime in Venezuela. This has a direct impact on US Companies and Citizens but assets of companies trading with the Venezuelan government are potentially at risk from sanctions; considerable care is recommended if you are contemplating trading with Venezuelan companies…Read More »
On 1 August 2019 India enacted the “Sea Cargo Manifest and Transhipment (Amendment) Regulations 2019”, originally planned for 2018, we understand they have now become effective after an initial postponement. The legislation comes off the back of existing customs legislation and its use is designed to be fully online after registration on the customs system for arriving, departing and also…Read More »
Hull fouling disputes are common place. In 2013 Bimco first developed a clause to transfer responsibility for cleaning onto a charterer in certain situations. It has now published an updated version. The 2019 Clause has been revised to address feedback on use of the clause and set out more clearly the circumstances where the responsibility for hull cleaning passes from…Read More »
The Club maintains a list of commercial and legal correspondents in most ports who are able to assist the Club’s claims staff with investigations, surveyors and casualties.
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