P&I Club definition

P&I Club means a Protection and Indemnity Club that is a member of the International Group of P&I Clubs.
P&I Club means an independent mutual insurance association that is a member of the International Group of Protection and Indemnity Clubs and provides liability protection to ship-owners and charterers against third-party liabilities encountered in their commercial operations.
P&I Club means the applicable Protection and Indemnity Club being a member of the International Group of P&I Clubs;

Examples of P&I Club in a sentence

  • The Special Compensation P&I Club Clause (SCOPIC) was devised to be incorporated into a Lloyd’s Open Form salvage contract in order to rectify the imperfections of the International Salvage Convention (1989).

  • If required by Port of Melbourne the Owner must submit the Agreement to the P&I Club which has provided P&I Cover in respect of the Vessel and must advise Port of Melbourne if the P&I Club does not consent to the Agreement.

  • In the North, highlands and the south there were 438,260 and 136,899 and 53,060 SMEs (legal person) respectively.

  • The P&I Club Underwriters (and its Managers) and/or Insurance Policy Underwriters agree that the terms or conditions of this SPECIAL TERMS STATEMENT shall govern and shall be controlling in the event that there are any inconsistent terms or conditions in the Certificate of Entry, insurance policy or document, applicable P&I Club Rules, or insurance provider’s rules.

  • Charterers shall always make Owners aware of the cover limits to ensure Owners have excess War P&I cover available under their respective P&I Club entries.


More Definitions of P&I Club

P&I Club means any of the Protection and Indemnity Clubs listed on Schedule 8 .
P&I Club means a protection and indemnity association.
P&I Club means any such protection and indemnity association or club as the Lender shall accept, in which association or club the Vessel shall be entered and shall continue to be entered in the name of the Borrower and/or any bareboat charterer and with which association or club the Vessel shall be insured and shall continue to be insured, in accordance with all relevant provisions of the Vessel Mortgage and any of the other Finance Documents;
P&I Club means a mutual association providing Protection and Indemnity Insurance for marine vessels.
P&I Club means an international protection and indemnity mutual organization.