2023 Directors' Report and Financial Statements

What would you like to look for?

Cover
Cover

Explore our comprehensive P&I insurance solutions for shipowners, charterers, and offshore operators. The UK P&I Club are committed to protecting your maritime interests.

More about our cover
- Mutual P&I
  
  Mutual P&I
  
  Mutual P&I cover for shipowners, including liability protection for cargo, crew, passengers and pollution. Discover our personalised approach to claims resolution.
- Non Mutual Covers
  - Charterers and Traders P&I
    
    Charterers and Traders P&I
    
    Charterers liability protection for chartering ships, including hull, cargo, third parties, and pollution. Learn more about our charterers liability cover.
  - Offshore P&I
    
    Offshore P&I
    
    Offshore energy insurance - Offshore P&I cover to meet liabilities and losses incurred by energy vessels, specialised units and charterers in the offshore sector.
  - Additional P&I Covers
    
    Additional P&I Covers
    
    Our extended P&I cover goes beyond the standard P&I policy, addressing additional risks for ship owners and charterers.
  - Fixed P&I
    
    Fixed P&I
    
    Offshore energy insurance - Offshore P&I cover to meet liabilities and losses incurred by energy vessels, specialised units and charterers in the offshore sector.
- Related Thomas Miller Clubs
Manage Risks
Manage Risks

Navigate complex risks with our resources and guidance on fleet quality, loss prevention, crew wellbeing, decarbonisation, and industry standards.

More about manage risks
- Loss Prevention
  
  Loss Prevention
  
  Our Members receive access to world-class loss prevention support with our expertise and professional advice on preventing incidents and costly claims.
- Club Collaborations: Member Training
- Crew Wellbeing
  
  Crew Wellbeing
  
  Ensure crew wellbeing with our comprehensive health programme, backed by decades of experience and a global network of PEME clinics.
- Fleet Quality
  
  Fleet Quality
  
  Prevent future incidents with our free maritime safety assessments, leveraging industry expertise and personalised fleet knowledge to ensure safe ship operations
- Environment
Industry Expertise
Industry Expertise

Specialist insight, global collaboration, and proven sector knowledge, delivering the highest standard of service across the maritime industry.

More about our industry expertise
News & Resources
News & Resources

Our Resources page is a hub full of information and tools. You’ll find a selection of articles, guides & training videos to help you.

View all news & resources
- Middle East Conflict
- Circulars
- Events
  
  Events
  
  Browse a list of UK P&I Club events and stay up to date with the latest changes and developments in the shipping industry.
- Financials
- News
  
  News
  
  Browse a list of UK P&I Club news and stay up to date with the latest changes and developments in the shipping industry.
- Press Releases
- Rules
  
  Rules
  
  Browse a list of UK P&I Club Rule and regulations and stay up to date with the latest changes and developments in the shipping industry.
- Sanctions
  Sanctions
  
  View the latest UK P&I Club sanctions and stay up to date with the latest changes and developments in each country.
  - Russia
  - Ukraine
  - Iran
  - Venezuela
  - Cuba
  - North Korea
    
    North Korea
    
    Find out about sanctions in North Korea
  - Syria
  - Belarus
  - Myanmar
About
About

Tailored guidance and robust solutions to navigate through even the most turbulent waters.

More about us
- Governance
  
  Governance
  
  The UK P&I Club was established in 1869 when the association of ship owners was formed. We are committed to maintaining rigorous governance standards to ensure the continuous delivery of our products and services to members. We are a mutual marine insurance business governed by a Members’ Committee which represents the interests of our membership, and a regulated Board of Directors.
- Financials
  
  Financials
  
  UK P&I Club is financially secure, meeting all regulatory requirements with top AAA S&P rating
- Sustainability
  
  Sustainability
  
  Empowering our members’ journey towards sustainability with dedicated support and safety-centric insurance solutions in line with UN SDGs
- P&I and the International Group
  
  P&I and the International Group
  
  Discover P&I insurance with the International Group: 12 clubs united to offer marine liability cover and expert resolution of maritime incidents.
- Claims
  
  Claims
  
  Trusted global claims experts for complex marine casualties.
- Industry Stakeholders
Contacts
Contacts

Quickly find the right contact for assistance. Our People Finder offers direct access to the expertise you need, when you need it.

Find people
- Correspondents
- People Finder
- Emergency Contacts
  Emergency Contacts
  
  Emergency numbers here for immediate assistance.
  - P&I Emergency Contacts
  - Fixed P&I Emergency Contact
- Locations
  
  Locations
  
  Explore our worldwide office network. Offering local expertise and support across continents, ensuring global reach.
- General Enquiries
  
  General Enquiries
  
  Get answers to your questions! Contact us for assistance, support, or information. Quick and reliable responses for all inquiries.

Oops, an error occurred! Code: 202607252308147277b92f

Consent Required

To optimise and continuously improve our website for you, we use cookies. You can accept all cookies or choose only specific ones. You can change these settings at any time.

Mandatory

Essential

These cookies are needed for a smooth operation of our website.

Name	Purpose	Lifetime	Type	Provider
CookieConsent	Saves your consent to using cookies.	1 year	HTML	Website
fe_typo_user	Assigns your browser to a session on the server.	session	HTTP	Website

Name	Purpose	Lifetime	Type	Provider
_dc_gtm_--property-id--	Used by DoubleClick (Google Tag Manager) to help identify the visitors by either age, gender or interests.	1 minute	HTML	Google
DSID	Google: Security, Functionality, Advertising for AdSense, Campaign Manager, Google Ad Manager, Google Analytics, Display + Video 360, Search Ads 360	2 weeks	HTML	Google
test_cookie	Google: Functionality for AdSense, Campaign Manager, Google Ad Manager, Google Analytics, Display + Video 360, Search Ads 360	15 minutes	HTML	Google
IDE	Google: Advertising for Campaign Manager, Display + Video 360, Google Ad Manager, Google Analytics, Search Ads 360	24 months	HTML	Google
FPLC	Google: Analytics for Google Analytics	20 hours	HTML	Google
FPID	Google: Analytics for Google Analytics	2 years	HTML	Google
GA_OPT_OUT	Google: Functionality for Google Analytics	7 years	HTML	Google
__utma	Google: Analytics for Google Analytics	2 years	HTML	Google
__utmb	Google: Analytics for Google Analytics	30 minutes	HTML	Google
__utmc	Google: Analytics for Google Analytics	session	HTML	Google
__utmt	Google: Analytics for Google Analytics	10 minutes	HTML	Google
__utmz	Google: Analytics for Google Analytics	6 months	HTML	Google
__utmv	Google: Analytics for Google Analytics	2 years	HTML	Google
_ga	Used to distinguish users.	2 years	HTML	Google
_gat	Used to throttle request rate.	1 minute	HTML	Google
_gat_--custom-name--	Google: Analytics for Google Analytics	1 minute	HTML	Google
_gid	Used to distinguish users.	24 hours	HTML	Google
_ga_--container-id--	Persists session state.	2 years	HTML	Google
_gaexp	Google: Analytics for Google Analytics, Optimize	93 days	HTML	Google
_gaexp_rc	Google: Analytics for Google Analytics, Optimize	10 seconds	HTML	Google
_opt_awcid	Google: Analytics for Google Analytics, Optimize	24 hours	HTML	Google
_opt_awmid	Google: Analytics for Google Analytics, Optimize	24 hours	HTML	Google
_opt_awgid	Google: Analytics for Google Analytics, Optimize	24 hours	HTML	Google
_opt_awkid	Google: Analytics for Google Analytics, Optimize	24 hours	HTML	Google
_opt_utmc	Google: Analytics for Google Analytics, Optimize	24 hours	HTML	Google
_gac_--property-id--	Contains campaign related information for the user. If you have linked your Google Analytics and Google Ads accounts, Google Ads website conversion tags will read this cookie unless you opt-out.	90 days	HTML	Google
AMP_TOKEN	Contains a token that can be used to retrieve a Client ID from AMP Client ID service. Other possible values indicate opt-out, request in progress or an error retrieving a Client ID from AMP Client ID service.	1 year	HTML	Google

Mutual P&I

Charterers and Traders P&I

Offshore P&I

Additional P&I Covers

Fixed P&I

Loss Prevention

Crew Wellbeing

Fleet Quality

Events

News

Rules

Sanctions

North Korea

Governance

Financials

Sustainability

P&I and the International Group

Claims

Emergency Contacts

Locations

General Enquiries

2023 Directors' Report and Financial Statements