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Overdue insurance: This is a form of insurance now largely obsolete due to advances in communications. It was an early form of reinsurance and was bought by an insurer when a ship was late at arriving at her destination port and there was a risk that she might have been lost (but, equally, might simply have been delayed).
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
Shipping insurance is a service which may reimburse senders whose parcels are lost, stolen, and/or damaged in transit. In Canada and the US , shipping insurance is offered by postal services, courier companies, and shipping-insurance companies.
The London P&I Club abbreviated also London Club, and The London Steam-Ship Owners’ Mutual Insurance Association Limited is a group of protection and indemnity insurance (P&I) companies for mutual maritime insurance representing global ship-owners, founded and registered in England 1866, incorporated in 1875.
Maryland has filed a lawsuit vs. the owners of the cargo ship that collided with and took down the Francis Scott Key Bridge in March. Maryland has filed a lawsuit vs. the owners of the cargo ship ...
Assuranceforeningen Gard, the P&I Club, was founded in Arendal, Norway in 1907. Historically, Arendal was an important shipping centre at that time, but the establishment of Gard was also driven by the reluctance of owners of sailing ships to subsidise the liabilities arising from owners operating steam ships.
(Reuters) -The state of Maryland on Tuesday filed civil claims against the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in March, killing six people and paralyzing ...
SIU membership includes eligibility for access to healthcare, retirement, and education benefits. Educational facilities include the union's Paul Hall Center for Maritime Training and Education at Piney Point, Maryland. The training center started in Brooklyn, New York, and is named after a former SIU president, Paul Hall.