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 insures over 360 charterers and 12,500 vessels. Our client pool includes clients from large shipping companies to 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.
A recent London arbitration decision has considered the question of the time bar for notifying claims under the Inter-Club Agreement (“ICA”). Charterers hired the vessel for the carriage of engine parts from the USA to North Africa. The charterparty included the 2011 version of the ICA. Charterers issued bills of lading showing themselves as carrier. During the voyage, the crew…Read More »
Commentary on the BIMCO 2020 Covid Crew Change Clause for time chartersRead More »
The start to 2020 has given us all some unique challenges to deal with. We were monitoring COVID from early February and closed the Shanghai office in the middle of that month. A disaster recovery test in London to look at vulnerabilities led to full closure the next day and all staff have been working from home since 20 March,…Read More »
Singapore has recently passed legislation addressing the Covid-19 situation and its economic impact on businesses (known as the “Covid-19 (Temporary Measures) Act 2020”). One of the purposes of the Act is to limit certain bankruptcy and insolvency proceedings by way of relief for businesses in financial distress. This will have an impact on the issuance of statutory demands which, although…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.
Without interrupting and not counting the time – Steve Mann talks demurrage referencing specifically London Arbitration 12/19.
Tomas Ling discusses The ‘Eleni P’ and the key issue of whether an obligation to pay hire remains where a vessel is detained by pirates.
Wei Wang discusses recent arbitration decisions on speed and performance with reference to London arbitration.