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An Eye on P&I Episode 5: The Pooling Agreement

Understand how the cost of claims is shared among the 12 International Group clubs, the limits of cover, and the allocation of reinsurance costs.

In Episode Five of An Eye on P&I, our hosts explore the Pooling Agreement, one of the three core International Group Agreements.  They explain how the Pooling Agreement works, including how claims costs are shared among the 12 P&I clubs, and how each club's contribution is calculated based on tonnage, premium income, and loss record. We also discuss the differences between oil pollution and non-oil pollution claims, and the limits of cover that are in place.

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