Shipowners' Mutual Protection and Indemnity Associations

Shipowners' Mutual Protection and Indemnity Associations, often referred to as P&I clubs, are mutual insurance organizations that provide maritime liability coverage for shipowners and operators. These associations protect members from various risks, including damage to cargo, environmental pollution, and legal claims from injuries or accidents at sea. Members pay contributions to the club, which pools resources to handle claims and provide support when issues arise, ensuring financial security and risk management within the shipping industry. Essentially, P&I clubs help safeguard and support the maritime community by sharing and mitigating risks collectively.