Maritime Reader

MARITIMEINTELLIGENCEDAILY11 MAY 2026 MONDAY
P&I / InsuranceUK P&I Club·about 1 year ago

"Pay to be paid" rule

UK P&I Club

One of the key principles of Protection & Indemnity cover is the 'pay to be paid' rule. This rule states that a Member is insured only for sums it has paid t...