Contractual cover. This responds to P&I‑type liabilities assumed under contract that are more onerous for the member than their liabilities ‘at law’ and more onerous than can be accepted under normal core P&I cover. These will typically be contractual indemnities or other unbalanced assumptions of risk. Examples include:
- towage contracts
- port indemnities
- offshore contracting.
This cover can be provided for individual contracts or on an annual basis.