A legal Study of Nature, Structure and the Establishment Way of the Protection and Indemnity Clubs (P&I Clubs) in Local and International Domain

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sarkhosh ehsan

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Journal Paper

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Journal: IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH) Year:2019 | Volume:34 | Issue:1 (133) Page(s): 85-103

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Information Journal Paper

Title

A legal Study of Nature, Structure and the Establishment Way of the Protection and Indemnity Clubs (P&I Clubs) in Local and International Domain

Author(s)

sarkhosh ehsan | Issue Writer Certificate

Keywords

Protection and Indemnity ClubsQ1

Maritime InsuranceQ1

Mutual AssociationsQ1

P&I Insurance StructureQ1

Abstract

Maritime industry is considered as one of the most important areas in global arena. Considering the fact that accidents are always threatening this industry, the risk of damages resulting from these incidents has led to the adoption of methods to compensate for these losses, in particular through the insurance industry. Despite the expansion of marine insurance industry, there are still a number of risks that ordinary insurance companies cannot afford to cover them, but the commonality of these risks has caused ship owners to establish some special clubs to be able to compensate for these losses and to protect their assets as much as possible. Nowadays, due to the efficiency of these clubs and legal requirements, shipping companies are forced to benefit from the services provided by these clubs. Islamic Republic of Iran has not been excluded from this rule due to the existence of a large fleet, and the wide activity of ports. Therefore, considering the importance of these clubs, this paper analyzes the nature, and characteristics of P&I Clubs. According to the writer, based on the existing laws, the registered P&I Clubs in the form of a nonprofit organization and what has happened about the only Iranian P & I Club (Kish P&I) is not correct and the right form can be a joint stock company.

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APA: Copy

sarkhosh, ehsan. (2019). A legal Study of Nature, Structure and the Establishment Way of the Protection and Indemnity Clubs (P&I Clubs) in Local and International Domain. IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH), 34(1 (133) ), 85-103. SID. https://sid.ir/paper/383559/en

Vancouver: Copy

sarkhosh ehsan. A legal Study of Nature, Structure and the Establishment Way of the Protection and Indemnity Clubs (P&I Clubs) in Local and International Domain. IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH)[Internet]. 2019;34(1 (133) ):85-103. Available from: https://sid.ir/paper/383559/en

IEEE: Copy

ehsan sarkhosh, “A legal Study of Nature, Structure and the Establishment Way of the Protection and Indemnity Clubs (P&I Clubs) in Local and International Domain,” IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH), vol. 34, no. 1 (133) , pp. 85–103, 2019, [Online]. Available: https://sid.ir/paper/383559/en

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