Insurance Coverage

P&I Companies

Approved Protection & Indemnity insurance providers for Mali flag vessels

Overview

Protection & Indemnity (P&I) insurance is mandatory for all commercial vessels under the Mali flag. SMMRM maintains a list of approved P&I clubs and insurance companies that provide comprehensive coverage for maritime liabilities, ensuring vessel owners meet international insurance requirements and protect against third-party claims.

Approved P&I Clubs

The Standard Club

Coverage: Hull & Machinery, P&I, FD&D
Regions: Worldwide
Specialization: All vessel types

Skuld P&I

Coverage: P&I, FD&D, Loss Prevention
Regions: Global coverage
Specialization: Commercial vessels

West of England P&I Club

Coverage: P&I, War Risks, FD&D
Regions: International
Specialization: Merchant fleet

UK P&I Club

Coverage: P&I, Hull, Cargo
Regions: Worldwide
Specialization: All maritime risks
Types of Coverage

Protection & Indemnity (P&I)

Third-party liability coverage for maritime operations

Collision liability
Cargo damage claims
Personal injury to crew and passengers
Pollution liability
Wreck removal costs
General average contributions

Freight, Demurrage & Defence (FD&D)

Coverage for commercial disputes and legal costs

Freight disputes
Demurrage claims
Charter party disputes
Legal defense costs
Arbitration expenses
Recovery actions

War Risks

Coverage for war and political risks

War perils
Strikes and civil commotion
Piracy and hijacking
Terrorism coverage
Political risks
Confiscation by authorities
Application Requirements for P&I Club Approval

P&I clubs seeking approval to provide insurance for Mali flag vessels must submit:

A
Completed P&I Club Application Form
B
Company Registration and Legal Documents
C
Fleet List and Vessel Details
D
Previous Insurance History and Claims Record
E
Financial Statements and Credit References
F
Safety Management System Documentation
G
Crew Training and Certification Records
H
Port State Control Inspection History
I
Classification Society Certificates
J
Agreement to Mali Maritime Regulations Compliance
Mandatory Insurance Requirements

Commercial Vessels

  • • P&I insurance (minimum coverage limits)
  • • Oil pollution liability coverage
  • • Wreck removal insurance
  • • Crew compensation coverage

Passenger Vessels

  • • Enhanced P&I coverage
  • • Passenger liability insurance
  • • Emergency evacuation coverage
  • • Medical expense coverage
P&I Club Approval Process

Application

Submit application with required documentation

Assessment

Financial and technical capability review

Verification

Compliance verification and due diligence

Approval

Grant of approval and listing

Benefits of Approved P&I Coverage

For Vessel Owners

  • • Comprehensive liability protection
  • • Global coverage and claims handling
  • • Expert legal and technical support
  • • Competitive premium rates

For Flag State

  • • Enhanced maritime safety standards
  • • Reduced financial exposure
  • • International compliance assurance
  • • Improved flag state reputation
Contact Information

For P&I club approval applications or insurance requirements information:

SMMRM - Insurance Division

Email: maritime@smmrm.com

P&I Companies Approval Department