What is the meaning of P&I insurance?
The purpose of Protection and Indemnity ("Pɪmp;I") insurance is to shield the assured from the risk of his liability to others arising from his maritime activities. Unlike loss insurance, Pɪmp;I responds to liability for damage or loss which the assured has caused to others.
What is P&I risk?
Pɪmp;I risks means the usual risks (including liability for oil pollution, excess war risk Pɪmp;I cover) covered by a protection and indemnity association which is a member of the International Group of protection and indemnity associations (or, if the International Group ceases to exist, any other leading protection and ...
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[PDF] PROTECTION AND INDEMNITY INSURANCE (P&I Club - PFRI
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[PDF] Standard P&I Cover - GardNo
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