P&I Mutual: Global protection, shared strength

Joining our P&I Mutual means becoming part of a maritime community that offers certainty, influence and support. As a member, you benefit from our most comprehensive cover, backed by the expertise of our dedicated legal team and specialists. You gain access to our worldwide network of correspondents, loss adjusters and lawyers. On top of that, members share in our financial success and might receive a partial refund of their premium.

No matter the problem, we will fix it. We are at your service anytime, anywhere in the world.

Comprehensive protection and personal support

Market-leading P&I cover – The most extensive protection available, with exceptional service and support

Worldwide assurance – Grandfathered into the International Group of P&I Clubs that offers the most elaborate cover, insuring over 90% of the global tonnage shipped on mutual basis with each individual ship covered for up to €8 billion

Shipowners Liability (SOL) is an additional insurance for shipowners for risks not covered by P&I. This insurance covers, among other things, risks associated with course deviations and discharge without a bill of lading

Specialist Operations – Tailored advice and additional cover where needed

Kidnap & Ransom (K&R) insurance covers the risks in case of piracy. NNPC Marine Insurance offers worldwide coverage, excepting regions that are marked as high risk. For these specific High-Risk Areas, additional solution are available.

P&I protects the most important aspects of your shipping operations

P&I (Protection & Indemnity) has been our main insurance product since 1937. It is your core insurance and combines well with available additional insurances, creating a package that is tailored to your unique circumstances and needs. Nearly all countries and ports around the world require you to have P&I insurance before doing business with them.

P&I covers a wide range of liabilities you have as a shipowner, including third-party injury, cargo loss, pollution and more, often on a scale that only a specialist insurer like NNPC Marine Insurance can support. You can read the full coverage list in our terms, downloadable below.

Why choose a mutual insurer?

Shared interest, shared rewards – Influence how the club develops and benefit from the profits in strong financial years (in the form of a partial restitution of the yearly premium)
True partnership – Align with your fellow shipowners under a common cause
Low risk – On rare occasions, members are called upon to support the club, for instance by issued final calls, but NNPC is fiscally highly responsible and as such this hasn’t occurred in 35 years
Long-term value – Mutuals prioritize stability, service and sustainability over short-term gain

Worldwide service,
personal touch

24/7 claims and support access
Fast, efficient claims handling to minimize disruption
Committed to protecting your ships, people, and operations
Strategic partnerships with NorthStandard and IMU

Frequently asked questions

Both offer the same core high quality P&I coverage, but they differ in structure. Mutual offers shared risk and potential profit sharing, while Fixed Premium offers certainty of premium, but less service. See our full comparison here:

The NNPC Service Plan	NNPC Mutual	NNPC Fixed
Cover NNPC Mutual offers full IGA cover, whereas NNPC Fixed Premium is a commercial cover.	IGA LIMITS	Up to USD 500m or as per policy
International network Whenever you need help, NNPC correspondents, lawyers and experts are available anywhere in the world.
Information & Alerts NNPC informs you continuously about important developments and the latest news via email, website and the NNPC app
Information & workshops on prevention NNPC offers regular information and advice on risk prevention in its publications and workshops.
Arrangement of bank and club guarantees In case of a threat of arrest, NNPC can offer a bank or club guarantee.
Legal assistance NNPC offers assistance with legal disputes relating to an insured ship.
Worldwide cover K&R Kidnap & Ransom insurance with a worldwide cover with the exception of excluded areas.
Pre-entry survey Before the start of the insurance, NNPC will carry out a free inspection of the relevant ship(s).
Risk check On request, NNPC will occasionally check your operational risks and identify whether the level of cover is adequate.
Bonus & discount You will receive a bonus for sailing without damage and costs, and a discount when your ship is laid up.
Inspection of ships NNPC offers a free periodic inspection of ships.
Pre-loading survey NNPC offers pre-loading surveys and will pay 50% of the costs.
Heavy cargo survey NNPC carries out heavy cargo surveys and offers this without extra costs.
External costs Survey costs and legal costs are covered.