UK P&I Club

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The UK P&I Club is a marine mutual liability insurer in the United Kingdom providing P&I insurance for the global shipping industry. [1] [2] [3] The UK P&I Club is one of the 12 members of the International Group of P&I Clubs. [4] The club is one of the largest of the global P&I Clubs and in 2002 covered more than 100 million tons across 6,000 ships. [5] In 2019, the Club provided insurance for over 144 million gross tons of merchant shipping. [6]

Contents

History

The UK P&I Club was founded as the United Kingdom Mutual Steam Ship Assurance Association. [7] In 1886, Thomas Miller, took over the management of the club and the company Thomas Miller still manages the UK P&I Club as of 2023. [8] [9] [10]

In 2018, the insurer began the process of setting up a subsidiary in Rotterdam as a result of the Brexit. [10]

The club is responsible for the Protection and Indemnity (third party) liabilities insurance coverage for the container ship Ever Given that grounded and blocked the Suez Canal in 2021. [11] [12] The club was responsible for reaching an agreement regarding costs with the Suez Canal Authority to allow the vessel to sail in June 2021. [4] [13]

Publications

Together with Witherbys, the UK P&I Club publishes the marine reference book Carefully to Carry, which contains guidance on the safe carriage, loading and storage of cargo on cargo ships. [14] [3]

The club also provide a series of risk awareness guides for the maritime industry covering different ship types. [15]

In September 2021, with CAE and Witherbys, the club launched a safety publication entitled Maritime Team Dynamics, a safety book comparing aviation and maritime incidents. [16] [17]

Related Research Articles

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<span class="mw-page-title-main">Suez Canal</span> Artificial sea-level waterway in Egypt

The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. The 193.30 km (120.11 mi) long canal is a key trade route between Europe and Asia.

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The London P&I Club abbreviated also London Club, and The London Steam-Ship Owners’ Mutual Insurance Association Limited is a group of protection and indemnity insurance (P&I) companies for mutual maritime insurance representing global ship-owners, founded and registered in England 1866, incorporated in 1875. The London Club offers FD&D insurance and war risk insurance. It is a member of the International Group of P&I Clubs, an umbrella for thirteen separate clubs insuring 90% of the world's ocean-going freighters.

<i>Ever Given</i> Container ship that blocked the Suez Canal in 2021

Ever Given is one of the largest container ships in the world. The ship is owned by Shoei Kisen Kaisha, and is time chartered and operated by container transportation and shipping company Evergreen Marine, headquartered in Luzhu, Taoyuan, Taiwan. Ever Given is registered in Panama and her technical management is the responsibility of the German ship management company Bernhard Schulte Shipmanagement.

<span class="mw-page-title-main">2021 Suez Canal obstruction</span> Maritime incident caused by grounded vessel

In March 2021, the Suez Canal was blocked for six days by the Ever Given, a container ship that had run aground in the canal. The 400-metre-long (1,300 ft), 224,000-ton, 20,000 TEU vessel was buffeted by strong winds on the morning of 23 March, and ended up wedged across the waterway with its bow and stern stuck in the canal banks, blocking all traffic until it could be freed. Egyptian authorities said that "technical or human errors" may have also been involved. The obstruction occurred south of the two-channel section of the canal, so there was no way around it for other ships. The Suez Canal Authority (SCA) engaged Boskalis through its subsidiary Smit International to manage marine salvage operations. The blockage of one of the world's busiest trade routes significantly slowed down trade between Europe, Asia and the Middle East.

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References

  1. ↑ Semark, David (2013). P&I Clubs: Law and Practice. Taylor & Francis. ISBN   9781135117757.
  2. ↑ "UK P&I Club overhauls global claims leadership following review". Intelligent Insurer. Retrieved 10 July 2021.
  3. 1 2 "UK P&I CLUB RELEASES UPDATED VERSION OF ITS CAREFULLY TO CARRY PUBLICATION". Dry Cargo International Magazine. Retrieved 10 July 2021.
  4. 1 2 "UK P&I Club agrees settlement with Suez Canal Authority over Ever Given incident". The Insurer. Retrieved 10 July 2021.
  5. ↑ Ornitz, B (2002). Oil Spills First Principles Prevention and Best Response. Elsevier Science. p. 171. ISBN   9780080537962.
  6. ↑ "UK P&I Club posts tonnage increase". Insurance Business Mag. Retrieved 10 July 2021.
  7. ↑ "History". UK P&I Club. Retrieved 10 July 2021.
  8. ↑ Coughlin, Terence (1991). "Shipowners' Liabilities Fifty Years On". Journal of Maritime Law and Commerce. 22 (3): 415–320.
  9. ↑ "UK P&I Club". Thomas Miller. Retrieved 10 July 2021.
  10. 1 2 "Ship insurer UK P&I Club opts for Rotterdam as hub due to Brexit". Reuters. Retrieved 10 July 2021.
  11. ↑ ""Ever Given" grounding in Suez Canal" (Press release). UK P&I. Archived from the original on 29 March 2021. Retrieved 27 March 2021.
  12. ↑ "From bamboo to barbecues: the cargo caught up in Ever Given legal battle". The Guardian. Retrieved 10 July 2021.
  13. ↑ "UK P&I Club and Suez Canal Authority reach deal to release Ever Given vessel". Insurance Times. Retrieved 10 July 2021.
  14. ↑ Carefully to Carry. UK P&I Club. 2018. ISBN   9781856097376.
  15. ↑ "UK P&I Club launches Risk Awareness Guide series". The Loadstar. Retrieved 10 July 2021.
  16. ↑ "UK P&I Club launches safety book in conjunction with CAE". Hellenic Shipping News. Retrieved 26 September 2021.
  17. ↑ "New Book Compares Aviation and Maritime Safety and How to Avoid Incidents". Handy Shipping Guide. Retrieved 26 September 2021.
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