P&I CLUBS – UNLUCKY FOR SOME?
- Dec 1, 2009
- Reading Time: 2 mins
THERE ARE still thirteen P&I Clubs in the International Group…just! If you think that sounds not exactly like a headline, you are readily forgiven. But think of it another way. This last year, six members of the International Group of P&I Club made unbudgeted calls on their own members to the tune of some $500m. Without that the IG would have suffered a total shortfall of $1bn. That's right ONE BILLION DOLLARS!!
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