Sea Pars P&I Department

Sea Pars Shipping Services is acting in its capacity as the P&I correspondent for the following mutual and fixed - premium P&I Clubs in Iran:

1) The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Ltd

2) Assuranceforeningen Gard (Gjensidig)

3) The Britannia Steam Ship Insurance Association Ltd

4) The Steamship Mutual Underwriting Association (Bermuda) Ltd

5) The West of England Ship Owners' Mutual Insurance Association (Luxembourg)

6) The North of England Protecting & Indemnity Association Ltd

7) Sveriges Angfartygs Assurans Forening (The Swedish Club)

8) The Japan Ship Owners' Mutual Protection & Indemnity Association

9) American Steamship Owners Mutual Protection and Indemnity Association, Inc

10) China Shipowners Mutual Assurance Association

11) The Shipowners' Mutual Protection & Indemnity Association Ltd (Luxembourg)

12) Insurance Company “Ingosstrakh” Ltd

13) Raetsclub Marine Insurance Rotterdam

14) British Marine Managers Ltd

15) Trampfahrt Versicherungs-Aktiengeselleschaft (MCH)

16) Terra Nova Insurance Company Ltd

17) Intercoastal Shipowners' P&I B.V. Rotterdam

Apart from the P&I Clubs, we are acting as correspondent for some of the Hull & Machinery Underwriters such as MARIANNE and the Swedish Club.

In case an incident occurs at Iranian ports, which is likely to give rise to a claim against the owners/charterers/P&I clubs, our assistance is usually sought by the Masters in the first instance and our local representatives attend on board within a very short period of time to assist the Master in whatever direction necessary by giving necessary advices. However, as the majority of the claims is related to the cargo, the P&I Clubs are in most cases required by the claimants to provide a security on behalf of the shipowner/charterer members in form of a Letter of Undertaking or a Bank Guarantee for release of the vessels. As it may take a considerable time for a Club LOU or B/G to be put up to the claimant concerned, Sea Pars Shipping Services arranges for release of the vessels by putting up its own provisional undertaking at the requested amount. This provisional undertaking is highly accepted by the Iranian claimants (including receivers/cargo underwriters and PSO) as Sea Pars has been enjoying a high credit with the Iranian State and private companies during the past 20 years.

Our P&I Dept is also involved in the following activities:
Preliminary advice to the owners/P&I Clubs on various issues Constant reporting on the development of the cases to the P&I Club concerned Zranging all types of survey Handling FD&D cases on behalf of the Defence Clubs (including charter party disputes with Iranian charterers