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| Definition Of: |
P. and I. Club Cover
A mutual association formed by shipowners to provide protection from large financial loss to one member by contribution towards that loss by all members. The P. & I. club covers liabilities not insurable in the ordinary marine insurance market and other expenses incurred by the shipowner in the running of his ship, such as cost of defending claims made by cargo owners.
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Maritime Terms INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 36.
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