Protection And Indemnity
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
• Damage to docks, buoys and other fixed and floating objects
• Wreck removal
• Fines and penalties
• Crew repatriation and substitution
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