Our correspondents are located around the world
The Shipowners’ Club has in-depth knowledge of the risks and liabilities you face when operating your fleet, borne from over 160 years of experience in providing Protection and Indemnity (P&I) cover, Legal Costs Cover and associated insurances.
As market leader, we insure over 32,000 small and specialist vessels across the globe. Every year, 95% of our Members choose to stay with us, and our top 25 Members hold an average of 24 years’ continuous entry; testament to our ability to serve Members’ best interests and respond to changing needs.
We have a wide spread of Members across a range of vessel types, operating sectors and geographical areas. This diversification delivers stability, allowing us to enjoy a strong balance sheet and an A rating from Standard & Poor’s.
Referred to as a P&I Club, Shipowners’ is one of thirteen Clubs which make up the International Group, insuring over 90% of the world’s tonnage.
Latest news and insight
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Sleepiness and fatigue are ever-present risks to all on board
Sleepiness and long term fatigue are now recognised as major factors impacting accidents at sea and seafarer health.
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Reminder of precautions while loading oil on board
The Club has continued to record a significant number of oil pollution claims that have occurred during cargo and bunkering operations.
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Moving beyond the mutual approach and ETC
As a mutual P&I Club specialising in providing a liability insurance solution to smaller and specialist vessels, we are aware that many owners wish to access the value-added benefits associated with being a member of a P&I Club but, due to their particular operations, prefer the premium approach adopted by the commercial market, which charges fixed premiums with no exposure to supplementary or overspill calls.
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The Shipowners’ Club reports steady half year results despite challenging market conditions
The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported financial results for the six months ended 30 June 2017. The Club recorded a 99.3% combined ratio, demonstrating the small margins to which it always works.
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Ballast Water Management convention – guidance and FAQS
Adopted in 2004 the Ballast Water Management, BWM Convention (the ‘convention’), is the International Convention for the control and management of ship’s ballast water and sediments. The aim of the convention is to remove, render harmless or avoid uptake or discharge of harmful aquatic organisms and pathogens within ballast water sediments by mechanical, physical, chemical and biological processes (either singularly or in combination).
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Loss Prevention release guidance for yacht owners
The Club has developed a new publication for the owners of yachts, developed in response to claims and addressing concerns raised by Members.
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The mutual advantage
A vessel owner that arranges P&I insurance through a mutual solution with an International Group P&I Club can boast ultimate insurance protection limits of up to US$ 8 billion against (non-pollution/passenger) third party property losses.
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Safe means of embarkation and disembarkation
The Club has recently dealt with several claims involving access to vessels, some of which have unfortunately resulted in injuries and even fatalities.
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What is a release call?
To understand release calls it is necessary to appreciate how Club’s view Club membership and in particular, the use of estimates which under-pin the ETC method of funding.
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Reactivation of vessels after a period of lay up
The shipping market continues to experience a prolonged period of downturn, especially in the offshore sector. We have seen owners and operators often being compelled to lay up tonnage.
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