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This insurance, usually referred to as “P&I,” provides cover to shipowners, operators, and charterers for third-party liabilities encountered in the commercial operation of entered vessels. The main risks covered are liabilities, expenses, and costs for Loss of life, injury and illness of crew, passengers and other persons, Cargo loss, shortage or damage, Collision, Damage to docks, buoys and other fixed and floating objects, Wreck removal, Pollution and other similar risks. P&I cover is designed to complement a vessel’s hull and machinery insurance and related covers.

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