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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A closer look at mutual club funding
There was a time when all P&I Clubs used the same method of funding; the estimated total call (ETC) approach.
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International Convention for the Control and Management of Ships’ Ballast Water and Sediments and US Ballast Water Management (BWM) Regulations
We refer Members to Circular on the IMO’s International Convention for the Control and Management of Ships’ Ballast Water and Sediments (the “Convention”) that will enter into force on 8th September 2017, and the US Coast Guard (USCG) regulations requiring the installation on most vessels operating in US waters of a BWM system that meets the USCG’s stricter testing standards at the first scheduled dry docking after 1st January 2016.
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BIMCO/ISCO Standard Spill Response Contracts, RESPONSECON and US RESPONSECON
Members are informed that BIMCO and ISCO (the International Spill Control Organisation), have launched two standard contracts, RESPONSECON and US RESPONSECON, for the hire of specialised spill response services and equipment.
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The mutual balance
Vessel owners who wish to purchase insurance at cost – that is without paying profits to commercial insurance companies, join a mutual P&I Club.
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Be Cyber Aware at Sea
The Club recognises that with the development of technology on board vessels, it has become increasingly important for Members to be able to identify and respond to cyber threats.
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Solvency & Financial Condition Report (SFCR)
In accordance with the Solvency II regulations the Club has produced its first Solvency & Financial Condition Report (SFCR) as at 31 December 2016.
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What is P&I?
Protection and Indemnity insurance, or as it is more commonly known – ‘P&I’, is the policy ship owners purchase to protect them against liability claims from crew, passengers and third parties.
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President Trump partially reverses Obama’s Cuba policy
On 16 June 2017, US President Donald Trump signed into law a partial reversal of Barack Obama’s Cuba policy. During his speech to a sympathetic crowd in Miami last week, Trump declared that he was: “cancelling completely the last Administration’s completely one-sided deal with Cuba”.
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Crew Health: Multilingual questions for medical assessments
Since June 2016, the Club’s Seafarers’ Health Information Programme has reported on various health issues that affect those serving on board vessels with the aim of assisting Members in mitigating against related incidents.
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IGP&I Annual Review 2016/17
An increase in Group-entered tonnage, a reduction in the number and severity of reported pool claims, and a fourth year of significant savings in the cost of the Group reinsurance purchase were among the notable and welcome features of 2016 for the Group clubs and their shipowner memberships.
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