- Wednesday, June 2, 2010, 22:38
- Hull & Machinery
Introduction
Collision is one of the few areas where third party liabilities may be covered by the hull policy. Traditionally, the English hull policy covered 3/4ths of the collision risks and the P&I Clubs the remaining 1/4th.
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Under the Rules of the Club, cover of a vessel’s liabilities for loss of, damage to, or interference with rights in relation to any fixed or moveable property whether on or above, in or below land or water.
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Assume that both vessels in an example collision are insured for 3/4th collision liability with their hull underwriters and for 1/4th with their P&I Clubs. In the example vessel A is 75% to blame for the collision and vessel B is 25% to blame.
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