Tiếng Việt
Protection & Indemnity (P&I) Insurance
Covers the big liabilities that come from operating a vessel—injury to people, damage to cargo or other property, pollution, wreck removal, and more—so a single incident doesn’t put your business off course.
Target clients
- Shipowners, operators, managers, and charterers of ocean-going and coastal/inland vessels (tugs & barges, tankers, bulkers, container/general cargo, ferries, offshore/support craft, fishing boats, yachts).
Core protections
- Injury/illness/death of crew, passengers, stevedores, and third parties (incl. repatriation & medical costs).
- Cargo liabilities (loss, damage, shortage) and related fines/claims.
- Pollution liabilities and clean-up costs.
- Wreck removal and obstruction of waterways.
- Collision & FFO (fixed/floating objects) liabilities beyond H&M policy limits.
- Fines & penalties (e.g., immigration, customs) and quarantine/STS liabilities where covered.
Add-on protections
- Charterers’ liability, FD&D (legal costs for contract disputes), War P&I, passenger liability buy-ups, COFR support and convention “blue cards” (e.g., Bunker, CLC, Wreck Removal, MLC financial security), contractual/towage endorsements, and non-owned/temporary craft.
Results you can expect
- Meet charterparty, lender, and port/flag requirements worldwide.
- Access to a global network of P&I Club correspondents for fast claims help.
- Protect cash flow from high-severity maritime liabilities.
- Trade with confidence and stronger compliance on every voyage.
Vietnam Legal Requirements
Is it mandatory in Vietnam? There’s no single law that forces you to buy a “P&I policy,” but international conventions and flag/port rules require proof of financial responsibility (e.g., for pollution, wreck removal, crew repatriation). In practice, vessels carry P&I from an IG Club or equivalent to obtain certificates and trade without interruption.
