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The 'pay to be paid' rule shipowner's bankruptcy and direct actions against P & I clubs
The insurance cover rendered by Protection & Indemnity Clubs ("P&I Clubs") is as essential for shipowners' business in the 21st century as it was for shipowners when the first of those insurance associations, the Shipowners' Mutual Protection Society, was established by Peter Tindall in 1855. 1...
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Centre for Law and Society
2026
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