This insurance, will complete the marine insurance for vessel. If Hull & Machinery cover for any damage happened in their vessel, this P&I Cover if any claim demanding from third party. usually referred to as “P&I,”, operators, and charterers for third-party liabilities encountered in the commercial operation of entered vessels.
The main risks covered are liabilities, expenses, and costs for:
• Loss of life, injury and illness of crew, passengers and other persons • Cargo loss, shortage or damage • Collision • Damage to docks, buoys and other fixed and floating objects • Wreck removal • Pollution • Fines and penalties • Crew repatriation and substitution • etc
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