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.
Effective 1 May 2019 the High Risk Area (HRA) as defined by the Round Table of international shipping organisations (which includes BIMCO, International Chamber of Shipping and others) have reduced the HRA to reflect the changing position regarding piracy in the region. The map below shows an approximate view of the new co-ordinates. The new Co-Ordinates are: In…Read More »
By Stephen Mann, London Office At the Charterers’ Club we deal with a lot of small and medium-sized claims under our FDD cover, commonly of the nature of final hire statement balances under time charters, and freight or demurrage claims under voyage charters. Basically - what cash balance is payable by one party to the other at the conclusion of a…Read More »
South Africa: Effective implementation of IMO 2020 0.50% Sulphur Cap and Fuel Oil Non Availability Report (FONAR)
South African lawyers, Shepstone & Wylie, have sent us an interesting report dealing with the implementation of the new MARPOL low sulphur regulations in this country. Assureds are requested to contact the Club for any additional information concerning this matter. “The South African Maritime Safety Authority (“SAMSA”) has recently published two Marine Notices, being numbers: 8 of 2019, to advise…Read More »
The MECO Group, Managers of the Charterers P&I Club, has had a busy few months. At the end of last year, we purchased a P&I provider specialising in insuring small craft called Carina from Tindall Riley, the Managers of the Britannia P&I Club. The acquisition of Carina complements our current product range with economies of scale and synergies across…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.
The grounding of the CMA CGM Libra container vessel and the Admiralty court’s ruling based around the unseaworthiness defence to the General Average claim.
Marta habla sobre “Classic Maritime v Limbungan“ sobre la ruptura de la presa Fundao en Brasil y como los Juzgados ingleses aplican clausulas de Fuerza Mayor.
An important judgement is handed down by the Court of Appeal in the case of the Pacific Voyager, and why this case is of particular interest to Charterers.
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