addition to the risks that threaten the hull and machinery of vessels,
due to the nature of their activity, the owners of the vessels are
responsible to preserve the safety of staff, their tools and carried
shipments. The vessel owners are also responsible for probable damages
sustained by other vessels, jetty and the platforms settled in the sea
or pollution of waters in case of any accident.
regarding the fact that the mentioned clauses do not cover owner’s
liability, and those which have such coverage are quite limited and
cover the liability of vessels at the time of accident and vessels’
collision with other vessels, consequently clubs known as P & I
Clubs have been established in order to prevent owners’ loss and
establish confidence in Marine journeys which perform activities on a
widespread scale throughout the world and cover the damages that are due
to the owner’s liability.