Standard London has an effective programme for additional P&I risks. Certain areas of P&I risks fall outside the ambit of the International Group pooling and reinsurance programme, and the club has a separate reinsurance programme to allow it to cover those risks. These include:
- Through transport operation: For liabilities arising on land, such as personal injury and property damage, out of the carriage of cargo before or after the ocean transportation.
- Contractual P&I liabilities: For liabilities arising solely under contracts whose terms fall outside those envisaged under standard cover under the rules.
- Salvors’ cover: For professional salvors and providing cover for contractual and tortious liabilities arising out of salvage operations, with or without the involvement of an entered ship.
- Extended cargo cover: To provide additional cover for liabilities accepted beyond normal Hague Visby / Hamburg Rules terms.
- Charterer’s damage to hull liability: To cover the charterer for his liability for damage to the chartered ship.
- Indemnities: To provide annual or one-off cover for liabilities arising under onerous, indemnities.
- Specialist operations: To restore cover for the exclusion of specialist operations, such as dredging, pipe-laying, cable-laying, construction, well-stimulation etc.
- Passenger liabilities: To extend cover for liabilities arising outside the ship.
- Deviation risks: For cargo liabilities arising out of a range of events, including geographical and non-geographical deviations from the cargo carriage contract.
- Consortium cover: To extend the member’s cover for liabilities arising on other ships operating in consortiums or other space-sharing agreements.
- GA absorbtion: To enable a member to avoid in some circumstances collecting GA contributions from cargo owners.
- Charterer’s bunkers: To cover the charterer for his bunkers and liabilities arising out of them.
Wordings of these additional covers are available and quotations can be provided with limits up to $1bn.