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The module will examine the operation of P&I Clubs as mutual insurance associations vital to the existence and running of the international shipping community and trade. The module will cover their history, development and structure, their basic rules of cover and the provision of security, as well as the basic (and sui generis) concepts underlying their operation. The module will additionally examine the various risks P&I Clubs insure against, their financial operation, the International Group of P&I Clubs (including its structure, cover and importance), and how these associations relate to other forms of insurance.
15 Credits