Modifications of mutual insurance pools in cross-border maritime carriage of dangerous goods

Mutual insurance precedes uncompromising losses when the coating of damage is clearly difficult. Expenditure on insurance benefits generates a lot of questions if the fulfillment of the obligations is opposed to techniques and methods of imposing losses. However, the generic features of a consignment themselves, often point to the determination of the maximum performance loss. Protection and Indemnity Clubs (Clubs P & I) literally certify the variety of risks. One gets the fertile ground for a broad modernization when the interests of the insured aim at giving constant position to potentially possible profit. Protection and Indemnity Clubs start to refrain from simple maintenance of the insurance fund, and take a more proactive stance on the stage termination of the contract as a lasting commitment. The sum insured is fully declares mandatory coverage, though the increase in the value of the insured property at the same time is not easy to stop. Saving your own portfolio of insurance retention turns out to be a decrease in the cost of insurance, and the presumption of proper fulfillment of the obligation is presented as one of the intrinsically presumed result. Thus, a unique center of attraction for the community of mutual insurers is formed, which embodies the principle of conflict of common performance of the contract and considers it as an aspect of foreseeability of insurance risk.

insurance rates, Protection and Indemnity Club, reinsurance agreement, daily fee of insurance product, export transaction, capital capacity of insurance premium, initial insurance coverage, risk foreseeability, net capital

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