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Vol 22 No 11 Nov/Dec 2017

Book of the Month

Cover of The Law of Contract Damages

The Law of Contract Damages

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An Introduction to P&I Insurance and Loss Prevention 2nd ed

ISBN13: 9780955825781
Published: March 2012
Publisher: North of England P&I Association
Country of Publication: UK
Format: Paperback
Price: £90.00

Low stock.

The 220-page A5 soft-cover book provides a comprehensive introduction to the critically important topic of maritime liability cover - otherwise known as 'protection and indemnity' (P&I) - which recent international casualties, pirate attacks and trade sanctions have brought increasingly into the public eye.

The unique guide focuses on the services provided by the 13 members of the International Group of P&I Clubs, which mutually insure around 90% of the world's ocean-going fleet of merchant shipping tonnage. The guide also introduces the key international conventions and regulations governing international shipping practice as well as the all-important topic of maritime loss prevention.

Since the first edition appeared in 2008 there have been many developments in international maritime conventions, regulations and contracts of carriage as well as significant changes to liability and cover levels. The second edition has been comprehensively revised to include all of these changes, as well as details of the International Group's 2012/13 reinsurance programme.

Insurance Law, Shipping, Transport and Maritime Law
Chapter Page 1. INTRODUCTION TO P&I CLUBS 5 Ship operators' insurance requirements 5 History of marine insurance 6 Mutual P&I clubs today 11 International Group of P&I Clubs 14 Insurance not provided by International Group of P&I Clubs 16 Advantages of mutual P&I clubs 16 P&I correspondents 19 Summary 20 2. P&I UNDERWRITING 22 Premium income 22 Types of premium 23 Policy year 25 Loss ratio 26 Reinsurance 27 Reserves 29 Entering ships in a P&I club 29 Summary 31 3. P&I AND LOSS PREVENTION 33 Need for loss prevention 33 Reactive approach to loss prevention 33 Proactive approach to loss prevention 36 P&I clubs and loss prevention 38 Summary 38 4. P&I PRINCIPLES AND RULES 39 Underlying principles 39 General rules governing P&I insurance 41 Major categories of risk covered by P&I 45 Summary 46 5. P&I INSURANCE FOR PEOPLE 47 International health and safety legislation 47 Domestic health and safety legislation 52 Personal injury and illness 52 P&I cover for ship's crew 53 P&I cover for supernumeraries 56 P&I cover for passengers 57 P&I cover for third parties 58 Loss prevention for crew, passengers and third parties 59 Stowaways 62 Persons in distress 67 P&I cover for stowaways and persons in distress 68 Contents 2 An Introduction to P&I Insurance and Loss Prevention Chapter Page Loss prevention for stowaways and persons in distress 70 Diversion and deviation 72 P&I cover for diversion and deviation 73 Loss prevention for diversion and deviation 73 Summary 74 6. P&I INSURANCE FOR CARGO 75 International trade 75 International conventions relating to the carriage of goods at sea 82 Charterparties and chartering 91 Charterparty forms 92 Relationship between the charterparty and bill of lading 93 Time charterparties 94 Voyage charterparties 105 Charterparty problems 108 P&I cover for cargo 108 Loss prevention for cargo 118 Summary 127 7. P&I INSURANCE FOR SHIPS 128 Collisions 128 Insurance cover for collisions 132 Loss prevention for collisions 141 General average and salvage 145 Insurance cover for general average and salvage 147 Damage to third-party property 148 P&I cover for damage to third-party property 149 Loss prevention for damage to third-party property 151 Wreck removal 152 P&I cover for wreck removal 153 Towage 153 P&I cover for towage 155 Pollution 155 P&I cover for pollution 167 Loss prevention for pollution 170 Summary 172 8. OTHER P&I RISKS, EXCLUSIONS AND DISCRETIONARY COVER 173 Other risks and liabilities covered by P&I 173 Risks not covered by P&I 175 Discretionary nature of P&I insurance 178 Summary 180 3 Chapter Page 9. P&I claims handling 181 Advising of the incident 181 Visitors to the vessel 182 Responding to the incident 182 Appointing experts 183 Establishing contact 183 Risk of arrest 183 Evaluating evidence 184 Submission of claim documents 184 Settlement negotiations 184 Possible indemnity claims 185 Choice of jurisdiction and law 185 Arbitration 185 Mediation 186 Interaction of P&I and H&M insurers 186 Claims handling following personal injury incidents 187 Claims handling following collisions 188 Summary 190 10. OTHER TYPES OF MARINE INSURANCE 191 Hull and machinery insurance 191 Freight, demurrage and defence insurance 198 War risks insurance 211 Summary 213 INDEX 215