Articles liés à The Function of Protection & Indemnity Marine Insurance...

The Function of Protection & Indemnity Marine Insurance in Relation to Ship Owner´s Liability for Cargo Claims: Framing the Legal Context - Couverture rigide

Tshilomb Jk Msc & LLM, Joseph

 
9781524628833: The Function of Protection & Indemnity Marine Insurance in Relation to Ship Owner´s Liability for Cargo Claims: Framing the Legal Context
Couverture rigide
ISBN 10 : 1524628832 ISBN 13 : 9781524628833
Editeur : Authorhouse, 2016

Synopsis

In the early days of shipping and international maritime trade many more casualties occurred at sea. Ever since, ship owner's liability for cargo claims has been increasing both in number and in cost in spite of the huge technical development in international maritime transport. In order to make it easier for ship owners to operate safely and efficiently the Protection and Indemnity appeared around 1870 as mutual marine insurance. Besides Hull & Machinery and Cargo Insurance offered on the international commercial market in insurance, Protection and Indemnity Insurance (known under the acronym "P&I") is a ship owner´s insurance cover for legal liabilities to third parties. This cover is generally achieved by entering the ship in a mutual insurance club. Nowadays, the mutuality is performed by an underwriter who endeavors to see that each owner carries his fair share of the risk. The members of P&I clubs are ship owners, charterers or ship management companies. At present, a major function of the Protection and Indemnity insurance is to cover the ship owner for legal and contractual liability for loss of cargo or damage to cargo if there has been a breach of the carriage contract. This liability is called "Third party liability." The ship owner will handover the cargo claim to his P&I Club. In order to clarify this liability, Article 3, Paragraph 2 of the Hague Visby rules stipulates: "Subject to the provisions of Article 4... the carrier shall properly and carefully load, handle, stow, carry, keep, care for and discharge the goods carried." Therefore, the focus in this research study is placed on the function of Protection and Indemnity insurance covering the ship owner´s liability for damage to cargo or loss of cargo.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

In the early days of shipping and international maritime trade many more casualties occurred at sea. Ever since, ship owner's liability for cargo claims has been increasing both in number and in cost in spite of the huge technical development in international maritime transport. In order to make it easier for ship owners to operate safely and efficiently the Protection and Indemnity appeared around 1870 as mutual marine insurance. Besides Hull & Machinery and Cargo Insurance offered on the international commercial market in insurance, Protection and Indemnity Insurance (known under the acronym “P&I”) is a ship owner´s insurance cover for legal liabilities to third parties. This cover is generally achieved by entering the ship in a mutual insurance club. Nowadays, the mutuality is performed by an underwriter who endeavors to see that each owner carries his fair share of the risk. The members of P&I clubs are ship owners, charterers or ship management companies. At present, a major function of the Protection and Indemnity insurance is to cover the ship owner for legal and contractual liability for loss of cargo or damage to cargo if there has been a breach of the carriage contract. This liability is called “Third party liability.” The ship owner will handover the cargo claim to his P&I Club. In order to clarify this liability, Article 3, Paragraph 2 of the Hague Visby rules stipulates: “Subject to the provisions of Article 4. . . the carrier shall properly and carefully load, handle, stow, carry, keep, care for and discharge the goods carried.” Therefore, the focus in this research study is placed on the function of Protection and Indemnity insurance covering the ship owner´s liability for damage to cargo or loss of cargo.

Biographie de l'auteur

The author holds two postgraduate degrees, namely an MSc in Maritime Studies and an LLM in Private International Law. He is a Swedish national. Following an inspiring employment as Claims Executive Officer in charge of Protection and Indemnity Insurance in Scandinavia, he has been successfully working the last twenty years in the field of Global Delivery Chains looking at the daily flow of the cargo on the International Market. He is very happy to share with readers his professional achievements as both academic researcher in International Commercial Law and Expert in International Trade.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Authorhouse
Date d'édition
2016
Langue
anglais
ISBN 10 
1524628832
ISBN 13 
9781524628833
Reliure
Relié
Nombre de pages
112
Coordonnées du fabricant
non disponible
Personne responsable
KreGa Onlinehandel GmbH
4950000000000
info@krega-onlinehandel.de

Birkenweg 31
Brakel
33034
Allemagne

Autres éditions populaires du même titre

9781524628826: The Function of Protection & Indemnity Marine Insurance in Relation to Ship Owner´s Liability for Cargo Claims: Framing the Legal Context

Edition présentée

ISBN 10 :  1524628824 ISBN 13 :  9781524628826
Editeur : AuthorHouseUk, 2016
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