Protection and Indemnity Club, a mutual insurance association that provides cover for its shipowner and charterer members against third-party liabilities arising from the operation of ships. P&I insurance covers crew injury, pollution, cargo damage, and collision liabilities that are not covered by hull and machinery insurance.
Category: Maritime Law & Regulations
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Maritime LienA privileged claim against a vessel arising from maritime services rendered to the ship or damage caused by the ship.MARPOLThe International Convention for the Prevention of Pollution from Ships, the main international convention covering prevention of pollution of the marine environment by ships from operational or accidental causes.MLCThe Maritime Labour Convention, adopted by the International Labour Organization (ILO) in 2006, which sets out seafarers' rights to decent conditions of work across a wide range of subjects.Port State ControlThe inspection of foreign-flagged ships in national ports to verify that the condition of the vessel and its equipment complies with the requirements of international conventions.SalvageThe rescue of a vessel, its cargo, or other property from peril at sea, for which the salvor is entitled to a reward.SOLASThe International Convention for the Safety of Life at Sea, the most important international treaty concerning the safety of merchant ships.
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