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What is P&I
• Return of premium
• Hot lay up 50% return
• Cold lay up 90% return
Definition Cold Lay up - 90% return
Cold Lay up
• Groundings
• Damage to underwater cables, aquaculture, beaches, reefs, pleasure craft etc
• Sinkings
• Fires
• Pollutions
• Bunkers
• Deck run off
• Garbage
• Emissions
• Antifouling
• Collisions
• Confined areas
• Bigger ships
• Adequate fendering
• Wreck removals
What risks are we concerned with
Hot Lay up
• Groundings
• Damage to underwater cables, aquaculture, beaches, reefs, pleasure craft etc
• Sinkings
• Fires
• Pollutions
• Bunkers
• Deck run off
• Garbage
• Emissions
• Anti fouling
• Collisions
• Confined areas
• Bigger ships
• Wreck removals
• Personal Injury
• Heavy maintenance work
• Possible greater risks than normal
Has the risk profile of a laid up ship changed
• Members to
• Sufficient crew to maintain full time fire, leakage, mooring and safety watch (Hot lay up)
• Independently powered fire and and flooding alarms fitted for machinery spaces, bilges etc (Cold lay
up)
• Minimisation of fire risk by removal of flammable material plus gas freeing
• Safe containment and frequent removal of garbage and sewage
• Maintain evacuation facility lifeboats/liferafts
• Protection of compartments/machinery by sealing air intakes and exhausts
• Secure vessel by limiting access, sealing doors, provision of suitable alarm systems with remote
monitoring
• Oil tanks drained cleaned and maintained in gas free condition
Preservation and maintenance (H&M)
• Re activation surveys
• If not thorough
• Systems failures
• Engine failures
27 Tropical storms
17 Typhoons
8 Intense Typhoons
Conclusion