| Author: | Wang, Jingwen |
| Title: | A study on P&I Club and its development in China |
| Other Title: | A study on Protection and Indemnity Club and its development in China |
| Degree: | M.Sc. |
| Year: | 2009 |
| Subject: | Hong Kong Polytechnic University -- Dissertations Marine insurance -- China Marine insurance claims -- China |
| Department: | Graduate School of Business |
| Pages: | 71 leaves : ill. ; 31 cm. |
| Language: | English |
| Abstract: | The development process of P&I Clubs is actually a microcosm of the world's maritime history, however, the birth of the P&I Clubs is only a short period of one hundred years, and relatively, P&I insurance in China has even a shorter history since the year of 1984 when China P&I Club was established. Currently, Approximately 90% of all the world's merchant tonnage is entered with the 17 P&I Clubs and their affiliates who make up the International Group of P&I Clubs. Concurrently, the rapid growth of the Chinese fleet attracted the interest of many of the P&I Clubs in the International Group, most of who are keen to pick up tonnage from the once-again emerging maritime nation. Meanwhile, China shipowners' Mutual Assurance Association (CPI) was established on Jan 1st, 1984 in response to market demand. Thus, how these worldwide P&I Clubs, including China P&I Club can play a better role in the contribution to the risks minization of marine industry is a problem in response to the demand of growing global fleet. This article tries to review the brief development history of P&I Clubs coincided with a study on its nature of mutuality in order to identify the development tendency of international P&I market. Particularly, some suggestions on the legislation in relation to P&I insurance in China are given accordingly. |
| Rights: | All rights reserved |
| Access: | restricted access |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| b23559895.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 953.82 kB | Adobe PDF | View/Open |
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