Archive for the ‘Protection & Indemnity’ Category

Bankers Clause dalam Polis P&I, Tepatkah?

Salah satu bank swasta nasional besar mengirimkan surat permohonan pencantuman “Bankers Clause” pada Polis P&I (Protection & Indemnity) atas kapal yang menjadi jaminan kredit pada bank ybs, Full story

Bagaimana menghitung klaim “Collision Liability” di H&M dan P&I?

Bagaimana menghitung klaim “Collision Liability” di H&M dan P&I?
Bagaimana menghitung proporsi klaim “Collision Liability” antara Polis H&M (Hull & Machinery) dan P&I (Protection & Indemnity)? Ternyata tidak mudah membuat ilustrasi perhitungan klaim “Collision Liability” dimana melibatkan polis H&M dan P&I. Full story

Cargo Liability

Jaminan kerugian, kerusakan atau kekurangan barang muatan (Cargo Liability) adalah salah satu jenis jaminan dalam polis Protection & Indemnity (P&I). Jaminan Cargo Liability sangat penting terutama untuk jenis kapal barang seperti Cargo ships, Tankers, maupun Barges dan kapal-kapal lainnya yang memuat kargo milik pihak ketiga. Full story

Penahanan dan Penyitaan Kapal

Penyitaan kapal dapat bersifat sementara berupa penundaan keberangkatan kapal disuatu pelabuhan tertentu ataupun dapat berupa sita tetap atas kapal maupun muatannya. Dapat dibayangkan, apabila terjadi penahanan kapal – walau hanya sehari, maka biaya opearsional yang dikeluarkan akan sangat mahal. Bahkan melebihi nilai klaim yang dituntut. Full story

Legal Cost & Expenses Cover for Ship Owners / Operators

Subject to the direction and discretion of the Underwriter, the Assured shall be indemnified by the Underwriter against its reasonable costs and expenses, arising from event occurring during occurring the Period of Insurance and incurred by the Assured in respect of the operation of the Insured Vessel.   Full story

Apa keuntungan “Fixed Premium P&I” dibandingkan dengan “Mutual P&I Club”?

Selama lebih dari 100 tahun P&I Club adalah satu-satunya yang menyediakan jaminan Protection & Indemnity namun kini juga telah hadir jaminan P&I yang diberikan oleh perusahan Asuransi yang disebut Fixed Premium P&I   Full story

Protection & Indemnity (P&I) Cover

Protection & Indemnity (P&I) Cover
Protection & Indemnity (P&I) Cover   1. Personal injury to or illness or loss of life of crew members   The shipowner may be exposed to such claims in tort or under statute law, although it is more usual for the claims to be made under the crew member's collective agreement or particular contract of employment. Full story

UK P&I Club – What is P&I?

UK P&I Club - What is P&I?   Shipowners insure against loss of or damage to their ships with hull underwriters. They look to the P&I Clubs for insurance against their liabilities to others. These include their exposure to claims for damage or compensation in respect of the following heads of cover. The following description is a 'layman's guide' to the Rules of the Club and should not be treated as in any way definitive of the terms of cover provided. If you would like to see the full text of the Rules, please see Publications. Full story

Collision Liabilities

Collision Liabilities   i. One-fourth collision liability   The English form of hull policy requires the ship's hull underwriter to pay three-fourths only of the liability of the insured ship in respect of loss or damage to another ship or her cargo as a result of the collision (subject always to the maximum mentioned under (iii) below). The remaining one-fourth of such liability is insured by the shipowners Club. This one-fourth usually makes the Club the largest single insurance interest, and in practice the managers of the Club will usually be asked by the hull underwriters to handle the issue of collision liability with the other ship and her cargo on behalf of all the underwriting interests. It is also usual for the Club concerned to give, on behalf of the insured shipowner, any necessary guarantees to the other ship and her cargo, the Club taking appropriate counter-security from the insured shipowner and also from the hull underwriters (or brokers) to the extent of their respective interests.   Full story

The International Group of P&I Clubs

The International Group of P&I Clubs   The International Group of P&I Clubs exists to arrange collective insurance and reinsurance for P&I Clubs, to represent the views of shipowners and charterers who belong to those Clubs on matters of concern to the shipping industry and to provide a forum for the exchange of information.   Full story
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P&I for Tug and Barge

P&I for Tug and Barge
As you know, cover for P&I liabilities may be by choice or dictated by Regulations. Let's look at the potential liabilities of an owner of a barge which we all know of;   (1) Liabilities towards any loss/damage to cargoes carried on board   Under the Carriage of Goods by Sea Act (COGSA), an operator/owner of a barge who issues a bill of lading will be deemed as carriers responsible for the obligations towards the owners of the cargo, even though the barge is under tow and unmanned. This is because the vessel named on the bill of lading is the barge and not the tug. Thus a party who would be liable under COGSA is the carrier and if the carrier is the owner of the barge, then this is where the liability rests.   Full story
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