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Ian Ferns News

11 Apr 2017

Shipowners’ Club Pact with Yachtpod Risk Partners

Yachtowners, the specialist yacht syndicate of The Shipowners’ P&I Club, today announces that it has entered into a partnership with newly established super yacht specialists Yachtpod Risk Partners (Yachtpod). Yachtowners, the specialist yacht syndicate of The Shipowners’ P&I Club, today announces that it has entered into a partnership with newly established super yacht specialists Yachtpod Risk Partners (Yachtpod), an underwriting cell on the Castel Underwriting Agencies Limited (Castel) managing general agent formation platform, to provide their clients with Protection and Indemnity (P&I) insurance for yachts, motor sailors and motor yachts including professionally skippered charters.

25 Feb 2014

Shipowners' Club P&I Offers MLC 2006 Wage Insurance

Ian Ferns: Photo courtesy of Shipowners' Club

In response to specific market demand for insurance cover not formerly available, the Shipowners’ Club has launched a policy for its high net worth super yacht client base to indemnify them against Seafarers Unpaid Wages Following Abandonment (SUWFA). Although some 80% of the world’s gross tonnage of shipping has been signed up to the Maritime Labour Convention 2006 (MLC), there are still many owners and managers unsure as to the extent and applicability of some of the provisions.

12 Aug 2011

Shipowners’ Club Launches Simplified, All Risk Policy for Yachts

The Shipowners’ Club, one of the few P&I Clubs to offer specialist yacht insurance, has taken a new approach to yacht liability, offering an All-Risk policy that seeks to de-mystify aspects of the traditional wording contained in typical P&I insurance Rules and making the conditions understandable to non-specialist yachtsmen and brokers. Conventional yacht insurance policies offered by both general commercial insurers and P&I clubs have traditionally featured complex wording using legal and maritime jargon which can be difficult to understand for anyone who is not a specialist in marine insurance. Ian Ferns, Shipowners’ Research and Development Manager…