A Study Of Subrogation Executed By P & I Club

Shipowners Protection and Indemnity (P&I) Mutual Clubs play increasingly important role in shipping market. The Clubs are associations of shipowners and charterers, owned and controlled by the insured shipowner or charterer'Members'. They operate on a non-profit making mutual basis; specifically, the Members pool their resources together to meet losses suffered by each individual Member. As the world trade grows rapidly, people pay more attention to the environmental problems, which in turn makes the rules and regulations much stiffer at the field of marine insurance. In terms of the operating modes prevalent in modern business style, the role of the Club is even more special. Therefore, it is still controversial for shifting its legal status and modifying its rules.The right of subrogation means that the insurer claims compensation from the third party, after paying for the insured who suffer from these marine risk. It can improve the justice and ensure the chain of capital stable of the Clubs. The relevant laws have clearly stipulated that the insurer has the right of subrogation. However, whether P&I Club can enjoy the same right is worth further study.The full text divides into the introduction, the text two parts, in which text part altogether has four chapters. Firstly, the author compares P&I Clubs with the insurers. Based on the basic the theory of the Maritime Law and Insurance Law, this article is focused on whether the P&I Clubs have the right of subrogation. Secondly, discuss the hot topics the Clubs facing when executing the right of subrogation. Finally, arrive at the conlusion.