Defence cover is insurance for the legal and other costs of pursuing and defending claims related to entered ships where the sum in dispute is not insured.
It is however more than just insurance. The Club's legally qualified staff are also available to assist and advise on claims without the need to instruct lawyers and to be used as a sounding board before particular steps are taken, as well as to advise on particular contracts or clauses.
The Thomas Miller Hong Kong office held an “Insight” course on P&I and Defence cover on 29th & 30th September 2016 as a direct response to requests for member training. Delegates included members and brokers from Hong Kong, the Philippines and Korea and also a guest from Zambia, Daniella Smal, who is this year’s Young International Freight Forwarder of the Year, an award sponsored by the TT Club.
Under Italian law, limitation periods depend on the type of claim. For the purpose of the time bars examined in this article, the main statutes are the Civil Code and the Code of Navigation. Time bars are distinguished between prescrizione and decadenza: both cannot be extended or shortened by agreement between the parties, but prescrizione can be protected by a notice of claim which will make a fresh time bar period start to run, whilst decadenza can be avoided only by court action or any other act required by the law or by the contract.
Our risk management programme combines practical solutions that address members' needs and claims experience with research into the wider issues that impact directly on P&I insurance and the Club's exposure to claims. Download contact details for the team.
