[P163]

protection and indemnity insurance (P & I insurance)

Protection and indemnity insurance for shipowners, contractors, and charterers against liabilities arising out of the operation of the vessel for loss of life to any person; illness or injury to passengers and crew; damage to cargo while loading, carrying or unloading cargo; damage to piers and docks; and removal of wreckage as required by law.

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100

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