The document discusses the potential effects of the Maritime Labour Convention (MLC) on Protection and Indemnity (P&I) insurance. It notes that the MLC could impact P&I insurance by requiring coverage for sickness and injury compensation, expenses due to crew abandonment, and financial security in the event of insolvency. The document concludes by noting that P&I clubs will keep their members updated as countries implement the MLC through national legislation based on recommendations from the International Group of P&I Clubs.

1. Effects of the MLC
on P&I insurance
THE NORWEGIAN SEA HEALTH CONFERENCE, 19TH APRIL 2012
BY KRISTIAN VALEVATN
ASSURANCEFORENINGEN SKULD (GJENSIDIG)

2. / What is P&I?
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3. A brief introduction to P&I
• Mutual insurance
• Club, not company
• «Members» rather than «clients»
• The International Group of P&I Clubs
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4. / Effects of the
MLC on P&I
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5. Potential effects
• Sickness- and injury compensation
• Expenses due to abandonment
• Insolvency!
• Requirement for financial security
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6. / Conclusions?
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7. Conclusions
• Recommendations from the International Group
• Implementation in national legislation
• Your P&I Club will keep you updated!
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8. / Thank you!
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