Protection And Indemnity Insurance

Protection and Indemnity (P&I) insurance is a type of marine insurance that provides coverage for third-party liabilities and expenses arising from owning or operating a vessel. P&I insurance covers a wide range of risks, including damage to cargo, pollution, collision, personal injury, and loss of life. It also covers legal costs and expenses incurred in defending against claims. P&I insurance is typically purchased by ship owners and operators to protect themselves from financial losses resulting from accidents or incidents that occur during the course of their operations. P&I insurance is not mandatory, but it is highly recommended for all ship owners and operators.

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Sagged: Sagged refers to the condition of a ship's hull when it is bent or curved downwards due to excessive weight or pressure. This can occur when a ship is overloaded with cargo or when it is improperly maintained. Sagging can cause significant ... Read More >>
SD (or SID): SD (or SID) stands for Standard Identification. It is a unique identification number assigned to each ship by the International Maritime Organization (IMO). The SD consists of seven digits and remains with the ship throughout its lifetime, ... Read More >>
Bitts: Bitts are a set of strong vertical posts or columns mounted on the deck of a ship, used for securing mooring lines. They are usually made of wood or metal and are placed in pairs, with one on each side of the ship's bow and stern. Bitts are ... Read More >>

Protection And Indemnity Insurance

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