Part 2 - Protection & Indemnity Insurance 2023-2024
The Swedish Club provides P&I cover for its members for each and every accident and/or occurrence up to approximately USD 6.8 billion. The high limit is needed to adequately protect members/ shipowners financially and to make sure that they are covered for accidents that may occur under worst-case scenarios, when taking into account current international legislative schemes.
To be able to provide for these limits, the IG Clubs, where The Swedish Club is a member, reinsure each other as well as buy reinsurance together to ensure that insurance costs are kept to a minimum. It is our aim to try to explain how we reinsure P&I liabilities on behalf of our members and the different costs involved, as well as showing how premiums are charged.
P&I Circular No 2691/2023
Part 2 - Protection & Indemnity Insurance 2023/2024
Enclosures to P&I Circular No 2691/2023 - Part 2
- Notice of Cancellation, Automatic Termination of Cover and War and Nuclear Exclusion Clause - Hulls, etc.
- Bio-Chem Clause
Please contact Tord Nilsson, Director of Underwriting, Reinsurance & Risk Control, if you have any questions.