In the early days of shipping and international maritime trade many more casualties occurred at sea. Ever since, ship owner's liability for cargo claims has been increasing both in number and in cost in spite of the huge technical development in international maritime transport. In order to make it easier for ship owners to operate safely and efficiently the Protection and Indemnity appeared around 1870 as mutual marine insurance. Besides Hull & Machinery and Cargo Insurance offered on the international commercial market in ...
Read More
In the early days of shipping and international maritime trade many more casualties occurred at sea. Ever since, ship owner's liability for cargo claims has been increasing both in number and in cost in spite of the huge technical development in international maritime transport. In order to make it easier for ship owners to operate safely and efficiently the Protection and Indemnity appeared around 1870 as mutual marine insurance. Besides Hull & Machinery and Cargo Insurance offered on the international commercial market in insurance, Protection and Indemnity Insurance (known under the acronym "P&I") is a ship owner???s insurance cover for legal liabilities to third parties. This cover is generally achieved by entering the ship in a mutual insurance club. Nowadays, the mutuality is performed by an underwriter who endeavors to see that each owner carries his fair share of the risk. The members of P&I clubs are ship owners, charterers or ship management companies. At present, a major function of the Protection and Indemnity insurance is to cover the ship owner for legal and contractual liability for loss of cargo or damage to cargo if there has been a breach of the carriage contract. This liability is called "Third party liability." The ship owner will handover the cargo claim to his P&I Club. In order to clarify this liability, Article 3, Paragraph 2 of the Hague Visby rules stipulates: "Subject to the provisions of Article 4... the carrier shall properly and carefully load, handle, stow, carry, keep, care for and discharge the goods carried." Therefore, the focus in this research study is placed on the function of Protection and Indemnity insurance covering the ship owner???s liability for damage to cargo or loss of cargo.
Read Less
Add this copy of The Function of Protection & Indemnity Marine Insurance to cart. $13.85, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2016 by Authorhouse.
Add this copy of The Function of Protection & Indemnity Marine Insurance to cart. $24.66, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 2016 by Authorhouse.
Add this copy of The Function of Protection & Indemnity Marine Insurance to cart. $25.04, new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 2016 by Authorhouse.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Sewn binding. Cloth over boards. 112 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of The Function of Protection & Indemnity Marine Insurance to cart. $25.05, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2016 by Authorhouse.
All Editions of The Function of Protection & Indemnity Marine Insurance in Relation to Ship Owner?s Liability for Cargo Claims: Framing the Legal Context
