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KSA Hull·P&I

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P&I(Protection and Indemnity)

KSA P&I covers liability and expenses on ship owners
due to accidents incurred in connection with the operation of insured ship.

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Eligibility

Ships owned, managed and chartered by contracted members or government.

Insured value and Deductibles

Members can select insured value under US $400 millions

Deductibles

Deductions : Risks covered , Oil Tanker , Non-oil tanker , Remarks , Basic , Collision(RDC) , Freight etc. 표입니다
Risks covered Oil Tanker Non-oil tanker Remarks
Basic $5,000 $5,000
  • In case of oil tankers, deductible can be selected (US$10,000/US$20,000)
  • For international ships, deductible amount shall be set by type of vessel and cargo
Collision(RDC) $5,000 $5,000
Freight, demmurage, etc. $5,000 $10,000

Terms and Conditions

P&I covers the liability and expenses responsible for ship owners due to accidents related to ship operation.

The risks covered are as follows:

  • Liability and cost of contamination / Liability and cost of collision with other ships / Liability and cost of property / Liability and cost of cargo / Liability for freight / Liability and cost of towing / Liability and cost of third party injury / Cost of smugglers or refugees and so on / Cost of contracts with third-party / Cost of quarantine / Cost of the general average, penalty and liability defense

Rate Calculations

  • Depending on the insured value, tonnage, ship age, cargo type, classification, trading area, warranties, deductible and so on, the rates are set or obtained by KSA

Please contact your nearest headquarters and branch offices for purchasing or claiming.