We are a Marine Risk Consultant, which focus on Protection and Indemnity Insurance for ShipOwners.
COVER
Wreck Removal
Wreck removal is now the subject of an international regime established by the Nairobi International Convention on the Removal of Wrecks, 2007 (in force from April 2015).
Definition about Removal of Wreck is Liabilities, losses or expenses relating to the raising, removal, destruction, lighting or marking of the wreck of an entered ship when such raising, removal, destruction, lighting or marking is compulsory by law or the expenses thereof are legally recoverable from the Member.
Crew
Damages, compensation, wages, maintenance, hospital, medical and funeral expenses for which a Member may be liable arising out of loss of life, personal injury or illness.
But, for Indonesian Crew the compensation must following “Peraturan Pemerintah Republik Indonesia No. 7 Tahun 2000 tentang Kepelautan”.
Collison (RDC/ FFO)
The P&I cover may include liability for collision, such as when the Member’s ship is in collision with another ship, or when the entered ship strikes an FFO, i.e. a quay, dock or buoy. As a standard P&I cover, 1/4th RDC and 4/4th FFO are included. However, ship owner’s may adjust the amount of RDC in the P&I cover.
Cargo
Usually the cargo insurers (or underwriters) will pay the person or company who owns the cargo ( the receiver) for the costs of loss or damage to that cargo when the cargo has an accident. The cargo underwriters will then seek to recover their losses from the shipowner or charterer. The P&I club will usually take over the handling of such claims on behalf of the assured.
Oil Pollution
The liabilities, losses, damages, costs and expenses set out in paragraphs (A) to (E) below when and to the extent that they are caused by or incurred in consequence of the discharge or escape from an entered ship of oil or any other substance, or the threat of such discharge or escape:
PROVIDED ALWAYS that:
a) There shall be no recovery in respect of any liability, loss, damage, cost or expense arising as a consequence of the presence in, or the escape or discharge or threat of escape or discharge from, any land-based dump, storage or disposal facility, of any substance previously carried on the entered ship, whether or not as cargo, fuel, stores or waste, except to the extent that the Members’ Committee in its discretion, and without having to give any reasons for their decision, otherwise determines.
b) Unless and to the extent that special cover has been agreed in writing by the Managers, the Association shall not reimburse any liability, loss, cost or expense which would have been recoverable in general average if the cargo of the entered ship had been carried on terms no less favourable to the Owner than those of the York-Antwerp Rules.
c) Unless the Managers otherwise agree in writing, the Owner of an entered ship which is a “relevant ship” as defined in the Small Tanker Oil Pollution Indemnification Agreement (STOPIA) shall during the currency of that Agreement be a party to STOPIA for the period of entry of such ship in the Association and, unless the Members’ Committee otherwise determines, shall not be entitled to any recovery under this Rule 2, Section 12 in respect of such ship in relation to any casualty, event or matter occurring during a period when the Owner is not a party to STOPIA.
d) Unless the Managers otherwise agree in writing, the Owner of an entered ship which is a “relevant ship” as defined in the Tanker Oil Pollution Indemnification Agreement (TOPIA) shall during the currency of that Agreement be a party to TOPIA for the period of entry of such ship in the Association and, unless the Members’ Committee otherwise determines, shall not be entitled to any recovery under this Rule 2, Section 12 in respect of such ship in relation to any casualty, event or matter occurring during a period when the Owner is not a party to TOPIA.
e) The Directors may determine prior to the commencement of the policy year that cover in respect of oil pollution liabilities, whether arising under any convention, statute, law, agreement or otherwise and whether arising in any geographical area or trade or otherwise shall be excluded, restricted or afforded only on terms that an additional premium is payable in respect of such cover, in which event such additional premium shall be payable in such amount and on such terms as the Directors may determine or as may be agreed between the Owner and the Managers.