P&I risks definition

P&I risks means the usual risks (including liability for oil pollution, excess war risk P&I cover) covered by a protection and indemnity association which is a member of the International Group of protection and indemnity associations (or, if the International Group ceases to exist, any other leading protection and indemnity association or other leading provider of protection and indemnity insurance) (including, without limitation, the proportion (if any) of any collision liability not covered under the terms of the hull cover).
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P&I risks means the usual risks (including liability for oil pollution, excess war risk P&I cover) covered by a P&I association.
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P&I risks means the usual risks (including liability for oil pollution, excess war risk P&I cover) covered by a protection and indemnity association which is a member of the International Group of protection and indemnity associations (or, if the International Group ceases to exist, any other leading protection and indemnity association or other leading provider of protection and indemnity insurance) (including, without limitation, the proportion (if any) of any collision liability not covered under the terms of the hull cover). In this clause 24, a reference to “approved” means approved in writing by the Agent acting on the instructions of all Lenders (acting reasonably). For the purpose of this clause 24:
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Examples of P&I risks in a sentence

  • Unless otherwise agreed by the Association, the Members shall, at the time of the inception of the cover, ensure that the entered ship is insured for Owners’ P&I risks with an underwriter that is a member of ‘The International Group of Protection and Indemnity Clubs’.

  • The said standard P&I risks are subject to the relevant procedures, obligations, conditions, limitations, exclusions, definitions and other provisions set out in Parts 1 to 8 of this policy.

  • Train key professionals, service providers and agency staff serving children, youth and the elderly on potential long-term cognitive, physical, emotional and behavioral effects of TBI, implications for housing, work and community living and TBI screening methods.

  • The standard P&I risks covered by the Insurer under this policy are set out in Sections A to C below.

  • There will be no recovery in respect of liabilities for which the Insured is already covered by the Insurer under this policy in respect of standard P&I risks or by another insurer providing equally wide cover.

  • In addition to the standard cover described above, shipowners and charterers may also require covers ancillary to mainstream P&I risks in the course of their trade.

  • The standard P&I risks specified in Part 2 Sections A of this policy constitute the basic cover provided by the Insurer.This cover is subject to the relevant procedures, obligations, conditions, limitations, exclusions, definitions and other provisions set out in this policy.

  • It is a significant material fact of which they must be informed in order that they may consider whether they should provide cover against the various P&I risks to which they would be exposed if they agreed to grant cover.

  • The person abutting public property or the owner of any private property will have a duty to keep trees, shrubs, hedges and vines upon the property in a safe, healthy condition.

  • For all disputes arising pursuant to 2.8 of these Defence Terms and Conditions, it shall be a condition of cover that, upon delivery of the vessel to the owners, that vessel shall be entered for P&I risks with Skuld.


More Definitions of P&I risks

P&I risks means the usual risks (including liability for oil pollution, excess war risk P&I cover) covered by a protection and indemnity association which is a member of the International Group of protection and indemnity associations (or, if the International Group ceases to exist, any other leading protection and indemnity association or other leading provider of protection and indemnity insurance) (including, without limitation, the proportion (if any) of any collision liability not covered under the terms of the hull cover). In this clause 24, a reference to “approved” means approved in writing by the Agent acting on the instructions of all Txxx Xxxxxxx (acting reasonably). For the purpose of this clause 24:
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Related to P&I risks

  • Insured Risks means fire lightning explosion earthquake storm tempest flood subsidence landslip heave impact terrorism bursting or overflowing of water tanks and pipes earthquake damage by aircraft and other aerial devices or articles dropped there from riot and civil commotion labour disturbance and malicious damage and such other risks as the Academy Trust insures against from time to time subject in all cases to any exclusions or limitations as may from time to time be imposed by the insurers or underwriters;

  • operational risk means the risk of loss for the individual portfolio resulting from inadequate internal processes and failures in relation to people and systems of the investment service provider or from external events, and includes legal and documentation risk and risk resulting from the trading, settlement and valuation procedures operated on behalf of the individual portfolio;

  • Risks means any risk associated, either directly or indirectly, with Participant's presence at and/or participation in any Activities;

  • high risk breach means that the threshold for notifying the individual is higher than that for notifying the relevant supervisory authority.

  • High Risk Activities means uses such as the operation of nuclear facilities, air traffic control, or life support systems, where the use or failure of the Services could lead to death, personal injury, or environmental damage.