North P&I Club updates definitive guide to P&I industry

The ‘A’ rated, 170 million GT North P&I Club has published a second edition of its comprehensive introduction to the critically important topic of maritime liability cover – otherwise known as ‘protection and indemnity’ (P&I) – which recent international casualties, pirate attacks and trade sanctions have brought increasingly into the public eye.

Entitled An Introduction to P&I Insurance and Loss Prevention, Second Edition,* the unique 220-page guide focuses on the services provided by the 13 members of the International Group of P&I Clubs, which mutually insure around 90% of the world’s ocean-going fleet of merchant shipping tonnage. The guide also introduces the key international conventions and regulations governing international shipping practice as well as the all-important topic of maritime loss prevention.

According to Tony Baker, North’s head of loss prevention, ‘Since we published the first edition in 2008 there have been many developments in international maritime conventions, regulations and contracts of carriage as well as significant changes to liability and cover levels. The second edition has been comprehensively revised to include all of these changes, as well as details of the International Group’s 2012/13 reinsurance programme.’

The guide serves as the main reference book for North’s long-established training course on the topic. It is also forms part of North’s extensive range of popular maritime loss-prevention guides P&I insurance and loss prevention. Members wishing to use it as a standalone publication can buy copies directly from the Club. Non-members can buy copies of all North’s guides from marine bookshops or directly from the Club’s distributor Amazon, www.amazon.co.uk

North is a leading marine mutual liability insurer providing P&I, FD&D, war risks and ancillary insurance to 125 million GT of owned tonnage and 45 million GT of chartered tonnage, with 4000 ships entered by 400 Members. It is based in Newcastle upon Tyne, UK with regional offices in Hong Kong, Piraeus, Singapore and Tokyo. The Club is a leading member of the International Group of P&I Clubs, with over 13% of the Group’s owned tonnage. As a member of the group, North protects and promotes the interests of the international shipping industry.

* North of England P&I Association, An Introduction to P&I Insurance and Loss Prevention, Second Edition, North of England P&I Association, Newcastle-upon-Tyne, UK, 2012, ISBN: 978-0-9558257-8-1, £90.

Contact: Tony Baker or Kim Heaselden +44 191 232 5221