Limit on Cover for Claims in respect of Passengers and Seamen (5.364)

This circular explains new International Group arrangements for the 2007/08 policy year that limit cover for liabilities to passengers and seamen, while reducing the risk of overspill claims.

London P&I sets out the background to the issue, including concerns about very large passenger ship claims and the impact on overspill cover, and notes the introduction of a passenger and seamen limit of US$3 billion.