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.
Arbitration 13.19 Article A recently published arbitration decision [London Arbitration 13/19] sheds light on how a charterer may, by their conduct, be deemed to have accepted an otherwise invalid NOR. Owners chartered out the vessel on amended Norgrain 89 terms for the carriage of a soya meal and soya bean cargo from Myrtle Grove to Casablanca. The charter contained…Read More »
Given the number of queries being raised over war risks and the position in the Persian Gulf we have produced a Q&A that provides answers to the most frequent questions raised. What are the JWC Limits? What constitutes a high‐risk zone under most Hull War Insurance policies is set by the Joint War Committee (“JWC”). Located in London, the…Read More »
JWC Amendment to Listed Areas Circular to Assureds (no 001 2019) The Joint War Committee (JWC) of the IUA and the LMA have reviewed the summary of Listed Areas and an amendment has been made effective 17 May 2019. The full text of the current JWC Listed Areas Summary as at 17 May 2019 incorporating these changes is…Read More »
Charterers have successfully defended a claim by owners for USD 4,500,000 of hire following Eleni P’s seven month detention at the hands of Somali pirates. The Commercial Court rejected Owners’ Section 69 appeal against the arbitration award but disagreed with some the Tribunal’s reasoning. The Eleni P was taken by pirates in the Arabian Sea in 2009, following transit…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.
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