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.
Background We have received a number of requests from various Assureds to review the situation in India and our comments are briefly summarised below: Position The attached Government of India (“GOI”) order dated 24 March 2020 exempts essential goods and services. It refers to Ministry of Shipping Order dated 23 March 2020 which declares “transport service for carriage of…Read More »
Background Since December 2019 and the emergence of Covid 19 we have commented on charterparty clausing, force majeure and other issues and there are a number of articles available on the news section of the Charterers website. We have not been immune from issues ourselves and we shut our Shanghai office in early February and have had staff…Read More »
With the outbreak of the Coronavirus, the Club has been receiving enquiries on Force Majeure (FM) and we have produced a Q&A that provides answers to the most frequently asked questions. What is FM? Force Majeure excuses a party from not performing its contractual obligations that become impossible or impracticable, due to an event or effect that the parties…Read More »
We have received an update from our Correspondents in China on the status of shipping, ports and infrastructure and how it's being impacted by the outbreak of the Coronavirus. The update can be accessed by following the link below. With thanks to Huatai in Beijing for providing this update. Should you have any queries in relation to…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.