Maritime Mutual is a long established and well-secured P&I Club and marine insurer backed by Lloyd’s syndicates and London company market insurers. Our focus is on the tailor-made provision of reliable and cost effective marine insurance cover together with full service support to our valued Club Members and Marine Assureds.
Maritime Mutual’s corporate headquarters are located in Auckland, New Zealand, an internationally regarded business centre. New Zealand offers recognised governmental stability together with a respected legal system founded in English law. Maritime Mutual’s registration and operation as a New Zealand based insurer is subject to the Financial Reporting Act 2013, the Financial Services Providers (Registration & Dispute Resolution) Act 2008, the Companies Act 1993 and the Marine Insurance Act 1908. The Reserve Bank of New Zealand is the prudential regulator and supervisor of all insurers carrying on insurance business in New Zealand and is responsible for administering the Insurance (Prudential Supervision) Act 2010.
Shipowners P&I is designed to cover the shipowner’s liabilities, inclusive of fines and defence costs, for damage or loss …
H&M covers the cost of repairs for damage to a ship and, dependent upon the policy terms selected, up to ¾ of the liability for collision damage to another ship …
Charterers P&I covers all of the Shipowners liabilities that a Charterer may also be exposed to, inclusive of damage to cargo …
FD&D is essentially insurance for the costs of legal defence and pursuit that are not available under Shipowners and Charterers P&I cover …
Maritime Mutual’s latest BBB+ rating (issued 16 Aug 2018) reflects Equifax’s independent assessment of the Club’s financial security as being ‘Investment Grade’ and presenting a
One of the main benefits of liferafts is that even if the seas are too rough to launch a ship’s lifeboats or a ship is listed too heavily for its lifeboat davits to function, the crew will still be provided with a means of escaping a sinking vessel. The other very positive feature is that a liferaft fitted with a Hydrostatic Release Unit (HRU) will automatically release, float free and inflate even if a ship should suddenly break up or capsize.
December 2016, To all Members: MARITIME LABOUR CONVENTION 2006 (MLC). The MLC entered into force on 20 August 2013. To date it has been ratified by some 80 states. These states are listed in alphabetical order on the International Labour Organization (ILO) MLC database which can be accessed on the ILO website.
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