MLC MLC
Yachtowners Yachtowners
Liability insurance for yacht owners, operators and managers
Our correspondents are located around the world Our correspondents are located around the world
Our correspondents are available to offer assistance and guidance to our Members wherever their trading operations take them.

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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 33,000 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

  • Notice of Extraordinary General Meeting Tuesday 15th January 2019

    Notice is hereby given that an Extraordinary General Meeting of The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) will be held on Tuesday 15th January 2019 at 11.45 hours at The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg), 16, Rue Notre-Dame, L-2240 Luxembourg, for the purpose of considering and if thought fit, passing the following as a SPECIAL RESOLUTION.

  • Specialist Offshore Package – Basic

    The Club is pleased to inform Members of changes to the Basic Specialist Offshore Package 2018/19.

  • Specialist Offshore Package – Enhanced

    The Club is pleased to inform Members of changes to the Enhanced Specialist Offshore Package 2018/19.

  • Renewal 2019/2020

    In our Half Year Report, it was noted that the Club had delivered a Combined Ratio of 106.4%, representing an underwriting deficit of US$ 6.17 million. This represented a deficit marginally higher than budget, with claims in the year at a higher level than 2016 and 2017 and development of those years being slightly worse than anticipated.

  • IG Circular – Iranian trade after 4th November 2018

    The Iran sanctions update circular issued on 29th May 2018 outlined the potential repercussions for shipowners and insurers arising from the U.S. Administration’s decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA) Agreement signed by China, France, Germany, Russia, the United Kingdom, the United States, the European Union (EU) and Iran.

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  • Milly Brooks: Dealing with difficult charterers under the MYBA form

    The MYBA Charter Agreement is widely used in the luxury yacht market. The Club has recently assisted with several cases involving charterers committing multiple breaches of clause 13.

  • Libya: Sanctions overview

    In 2011, following the outbreak of civil war in Libya and subsequent human rights violations, the UN and the EU imposed sanctions on Libya.

  • Implementation of 0.5% fuel sulphur cap in Hong Kong

    The Environment Protection Department of the Government of Hong Kong Special Administrative Region recently issued a press release which stated that their Legislative Council has approved the Air Pollution Control (Fuel for Vessels) Regulation (Cap. 311AB) (“the Regulation”) thereby applying a 0.5% sulphur limit for ships visiting their ports from 1 January 2019. This effective date precedes the implementation of the IMO’s Global Sulphur Cap 2020 by one year.

  • Martek Marine: Operations of drones from ships

    Drones can carry out a wide range of commercial and leisure functions, but their primary advantages are just like any other mode of air transport, they provide height, speed and reach.

  • Crowd and crisis management

    Effective crowd and crisis management is paramount in managing an emergency on board passenger vessels. In the event of an emergency, passenger vessels face additional challenges to that of other vessel types, due to the added risk associated with passengers and therefore, crew need to be more vigilant and show greater awareness of the risks that are faced. To manage behaviour in a crisis, it is first necessary to understand the roles and rules of passengers and crew separately.

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