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RELEASE and INDEMNITY AGREEMENT Danvers Fish and Game Club  Form

RELEASE and INDEMNITY AGREEMENT Danvers Fish and Game Club Form

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in the shipping industry we often talk about the P&I Club so today's video is on what is a pni club and what liabilities do P&I clubs cover so what is a pni club the BNI club stands for protection and indemnity club later on in the video I'll tell you what protection stands for and what indium it is stands for but the BNI club is actually an insurance mutual a club that provides collective self insurance to its own members so the pni Club is a not-for-profit mutual club owned by its insurers themselves as it has no shares to issue it does not need to make a profit or pay dividends the membership is comprised of common interest groups who wish to pull their risk together in order to obtain at cost insurance cover BNI is insurance in respect of third party liabilities and expenses arising from owning ships or operating ships as principles if I can explain this simply to you the P&I club basically comprises of the ship owners and what the ship owners do is they actually pull in their reso

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