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Owners' Fixed Premium Cover

We also provide fixed premium P&I cover, designed to protect smaller and medium-sized vessels, including those operating in the offshore sector. This cover is tailored for shipowners who require our comprehensive insurance against P&I risks, for a fixed price but without the need for the high limits of cover provided by our mutual insurance. Our cover includes flexible limits up to US$ 1 Billion with adaptable deductible structures. Where required, coverage can include primary P&I war risks. 

The Terms & Conditions which will apply to new or renewing business from 20 February 2024 is set out here. A summary of the changes introduced in these terms and conditions can be downloaded here.

The Terms & Conditions which apply to covers agreed between 20 February 2023 and 20 February 2024 is set out here.

Our Owners’ fixed premium P&I cover and FD&D cover application form can be accessed by clicking here.

A brochure summarising the main features of our Owners’ fixed premium P&I cover can be seen here.  

This brochure is available in Indonesian here.  

This brochure is available in Turkish here.

This brochure is available in Vietnamese here.  

The Maritime Labour Extension Clause 2016, in respect of our Owners’ fixed premium P&I Cover can be accessed here.  

Application forms for MLC Certificates (Fixed Premium P&I Cover) can be downloaded here and should be submitted on company headed paper and signed by an authorised signatory.

For further information about our Owners’ fixed premium P&I cover, please contact our underwriting team at: [email protected]