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.
One of the main risks we look out for in the underwriting department when conducting a review of an Assured’s representative charter party, is that associated with the issue of Letters of Indemnity (LOIs.) Assureds may not fully appreciate the impact of LOIs on Club cover and in this article our Carlos Vazquez explains in more detail why they are…Read More »
Q&A: The International Maritime Organization's 2020 sulphur emission rules Circular 2018 003 The global sulphur cap is coming into force on 1 January 2020 following the amendments to Annex VI of the International Convention for the Prevention of Pollution of Ships (MARPOL). This requires marine vessels to consume fuels with a maximum sulphur content of 0.50% m/m against the current…Read More »
All the IG P&I Clubs have now issued a circular advising their members to amend their ICA clauses to make specific reference to the requirement to place counter security, in line with clause 9: “Cargo claims as between Owners and the Charterers shall be governed by, secured, apportioned and settled fully in accordance with the provisions of the Inter-Club New…Read More »
Our correspondents in Singapore, SPICA SERVICES, have provided the Club with the following update in relation to the recent earthquake and subsequent tsunami that hit Western Sulawesi, Indonesia with catastrophic consequences. SPICA will continue monitoring the situation as information becomes available and will update. Background Western Sulawesi was on 28 September 2018 struck by an earthquake soon to be followed…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.
Carlos Vasquez talks about LOIs, whether they are enforceable in the courts, and how an assured can best protect themselves as they are not covered by your insurance.
Chris Ward talks about a recent arbitration which the Charters’ Club successfully defended, whereby the parties contended whether an Interclub Agreement had been incorporated into a charter.
Stephen Mann explains the 4 step process that is needed when wording a shipping contract, including assembling the material, identifying conflicting clauses, and what is actually meant from the contract wording.
Ed looks at the case of Classic Maritime v Limbungan Makmur, where the Charterer was unable to fulfill its shipment obligations when the Fundao dam in Brazil burst in 2015.
Ed Turner reviews an important judgment by the court of appeal regarding the interplay of wording between a Letter of Indemnity and a charter party clause.
Ed Turner discusses the high court’s interpretation of a clause in a charter party requiring the parties to have commenced procedures within a certain time period.
Chris Ward of Charterers’ P&I discusses the legal liabilities due to unsafe berth conditions due to swell brought about by weather conditions in the local area.
Stephen Mann discusses the subject of defending Demurrage claims where loading has been delayed due to cargo not arrived or bad weather.
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