• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
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HOME > Archive > 2024 > Volume 12 Number 2 (2024) >
JOEBM 2024 Vol.12(2): 165-168
DOI: 10.18178/joebm.2024.12.2.791

On the Legal Adjustment of Marine P&I Insurance Contract

Zhou Zeju
Dalian Maritime University, Dalian, China
Email: zhouzeju@dlmu.edu.cn (Z.Z.J.)

Manuscript received January 7, 2024; revised February 21, 2024; accepted March 4, 2024; published April 30, 2024.

Abstract—P&I insurance means that the shipowner pays the membership fee to the P&I Association according to the agreement in the P&I insurance contract, and the P&I Association provides protection and compensation for the potential liability risks, possible losses related to the operation and the expenses arising therefrom of the ships owned or leased or managed by the shipowner. P&I insurance is a special kind of marine insurance. With the increase of marine risks and the development of marine liability system, its position in marine insurance is increasingly prominent. However, China’s legislation on P&I insurance is still not perfect, and there are still gaps in the legal adjustment of P&I insurance. In view of this, based on the perspective of the legal adjustment of marine P&I insurance contract and the prospect of future norms, this paper conducts research, hoping to deepen the research in this field by combining the legislation and practice of common law countries and the basic theory of marine insurance contract law, so as to make the relevant legislation in China more perfect.

Keywords—P&I insurance, legal adjustment, maritime law, law of insurance

Cite: Zhou Zeju, "On the Legal Adjustment of Marine P&I Insurance Contract," Journal of Economics, Business and Management, vol. 12, no. 2, pp. 165-168, 2024.

Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 

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