Indian Ocean P&I Club Association of Ceylon has been created by members of the Asian ship owning Community. Having been incorporated in Sri Lanka as a Company Limited by Guarantee, Indian Ocean P&I Club Association of Ceylon is very proud to be the first Asia Subcontinent domiciled P&I Shipping Mutual.
The Club only offers its ship owning members Mutual Protection and Indemnity entry. The Club does not offer hull, cargo or insurance.
All management and operational undertakings are carried out by the Ceylon P&I Club Management Ltd. head quartered in Colombo. The Management company has drawn together a team of regionally experienced P&I professionals.
The Indian Ocean P&I Club Association of Ceylon is supported by Far East and Asian reinsurers. The Club is very focused on maintaining the Asian status, being less dependent on the more traditional western reinsurance markets. The strength of the Asian markets is paramount to steady continuity of the P&I Club.
Indian Ocean P&I Club Association of Ceylon Association’s mission is to provide a reactive and well-secured P&I service to its members. Selective entry is focused on minimizing members to exposures of the more adverse cost of incidence in the northern hemisphere, and western world. The focus of our expertise is regional to the Indian Ocean and South China Sea shipping industry.
Profitable risk management is the forefront of accepting tonnage. A conservative and well structured portfolio are the means of sustaining the Club Asian capital support. Additionally underwriting results reflect on the Club's ability to maintain strength in its mutual funds. With such philosophy, being maintained Indian Ocean P&I Club Association of Ceylon would be the P&I Major of Asia.
Salient Features
Club offers a limit of liability up to USD 1 billion
Club enters members with regional Middle East and Indian Ocean Management.