China Shipowners Mutual Assurance Association (also known as China P&I Club, CPI), founded in Beijing on 1 January 1984 under the approval of the State Council of the People’s Republic of China, is a non-profit mutual marine insurance organisation. The Association upholds and protects the interests of its members in accordance with applicable laws, rules, international conventions, and regulations. The Association is registered as a social organisation at the Ministry of Civil Affairs, PRC and under the operational guidance of the Ministry of Transport, PRC.
The Association has set up China P&I Management Co., Ltd. as its Managers who undertakes the management of the day-to-day affairs of the Association and established a comprehensive operational structure with its headquarters in Shanghai and regional branches in Beijing, Dalian, Qingdao, Guangzhou, Hong Kong, London, and Singapore.
Products and Services
China P&I Club provides its members with a package insurance solution, which includes one-stop claims handling service and a variety of insurance products such as P&I, Hull & Machinery, FD&D, Charterers Comprehensive Cover, War Risks Cover, and Marine Delay Insurance. After nearly 40 years of experience, it has grown to become a P&I Club with global recognition.
The Association is now the largest P&I insurer in China with over 82 million GT P&I Entered Tonnage, ranking 9th among its global peers. The Association has also achieved significant growth in mutual hull business, now established as one of the leading underwriters in the market.
Meanwhile, the Association has set up a global network of 485 correspondents with long term co-operations deployed in over 140 countries and regions. This highly efficient and responsive network provides Members with immediate and professional assistance in terms of underwriting, claims handling, loss prevention and compliance. Over the years, China P&I Club has been engaging and developing the best talent and has built a managing and service team with adequate qualification and advanced expertise.
The Association now has 187 Members including prestigious shipping and financial leasing companies both at home and abroad, such as China COSCO Shipping, China Merchants Group, Fujian Guohang Ocean Shipping, Shandong Shipping, Seaspan, OOCL, Ocean Longevity, Nanjing Ocean Shipping, China Development Bank Financial Leasing, Cheng Xin Ship Management, Jiangsu Huaxin Ship Management, SITC, Shanghai Junzheng Logistics, Chinese-Polish Joint Stock Shipping, HTM Shipping, Greathorse, PIL, IMC, CMA CGM, Minsheng Financial Leasing, Winning International Group, and etc.
While focused on providing quality services to existing Members, the Association has also been actively exploring the global market to a point where the proportion of international tonnages has seen steady increases in recent years. Guided by the strategy of “professionalism, market-orientation, internationalisation and digitalisation”, the Association integrates international practices in corporate governance and market development, and strives to provide professional, efficient, high-quality and reliable services to Members worldwide.
Financial Strength Rating: A-(Excellent)
Long-Term Issuer Credit Rating: a-(Excellent)
Entered Ships(Charterers Comprehensive Cover)