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The document provides an overview of Protection and Indemnity (P&I) Clubs, which insure shipowners against their third-party liabilities. It describes how the first P&I Club was formed in 1855 to cover risks like crew injuries and collisions that were excluded from traditional marine insurance policies. Over time, P&I Clubs expanded their coverage to additional liability areas as legal claims evolved. Today, P&I Clubs are international mutual insurance associations that protect about 90% of ocean-going vess

Author

Pradeep Rajendran

Language

EN