India’s P&I club for coastal shipping likely to start on domestic waters
The ministry of ports, shipping and waterways has spoken to several insurers to allay concerns and iron out details of its proposal to set up a domestic protection and indemnity (P&I) club for coastal ships and vessels operating on inland waterways, a senior government official said. “At a recent roundtable of financers and insurers, the ministry deliberated on the way forward for the setting up of this club,” the official said. Another official said that stakeholders are awaiting more financial and regulatory clarity. The shipping ministry, on February 14, conducted ...
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