China Shipowners Mutual Assurance Association (also known as China P&I Club, CPI or the Association), 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 organization. The Association safeguards the prestige and interests of its members under the laws and regulations of China, as well as the applicable international laws and practices. The Association is registered as a social organization at the Ministry of Civil Affairs in accordance with regulations of the State Council, and under the supervision and operational guidance of the Ministry of Transport of China.
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 Liability Covers and War Risks. Over the past 35 years, the Association has become an internationalised P&I Club with 188 members and over 65 million GT P&I Entered Tonnage. Members include China COSCO Shipping Corporation Limited, China Merchants Group, HOSCO Group, Shandong Shipping, Fujian Guohang Ocean Shipping, Ocean Longevity, Seaspan, Nanjing Ocean Shipping, Cheng Xin Ship Management, Greathorse, Jiangsu Huaxi Ship Management, Chinese-Polish Joint Stock Shipping, HTM Shipping, Shanghai Junzheng Logistics, IMC Group, OOCL, PIL, Winning International Group. China P&I Club is the largest P&I insurer in China and ranks 10th among its global peers in terms of total entered tonnage (GT). The Association’s marine hull business has also achieved significant growth after 21 years, owing to a successful one-stop service concept and reputation built throughout the years, the Association has now become one of the leading underwriters in China’s marine hull market.
In order to contribute to the Belt and Road Initiative and support the development of the Shanghai International Finance and Shipping Centre, the Association completed its functional transfer to Shanghai and set up its management company – China P&I Management Co., Ltd. in 2017. China P&I Club now has a comprehensive operation configuration with its headquarter and top management based in Shanghai, regional services companies stationed in Beijing and Dalian and exclusive claims services companies set up in Hong Kong and London (China P&I Services (Hong Kong) Ltd. and CPI Services (UK) Ltd.). Meanwhile, the Association has set up a global network of over 430 correspondents with long term co-operations deployed in 358 ports in 143 countries and regions. This highly efficient network ensures that members can receive immediate professional assistance in case of emergency, such as appointment of surveyors, evidential investigation, claims handling, loss prevention and legal advice. Over the years, China P&I Club has recruited and fostered qualified professionals, and has built a managing and service team with extraordinary expertise.
While focused on providing quality services to existing members, the Association has also been actively expanding overseas. The proportion of international tonnages has witnessed steady increase in recent years. Guided by the strategy of “professionalism, market-orientation and internationalisation”, the Association integrates international practices which is evident in the Association’s professional, efficient, high-quality and reliable service to members worldwide.
On 29 April 2020, CPI hosted a Loss Prevention Seminar regarding COVID-19 in the Shanghai headquarters via online meeting.See All>>
With the outbreak of the new coronavirus and an increasing number of control measures taken by authorities, economic activities, especially shipping and international trade, are suffering from great impacts. The industry urgently needs legal and practical insights on disputes arising from the current situation.See All>>
On 18 December 2019, the 62nd Board Meeting of China Shipowners Mutual Assurance Association was convened in Suzhou City, Jiangsu Province.See All>>
6 December in the afternoon, the 2019 CPI Dalian Branch Seminar was held in Dalian City, Liaoning Province.See All>>
4 December in the morning, Under Secretary for the Transport and Housing Bureau of Hong Kong Dr. Raymond So Wai-Man led the visit of the Hong Kong Maritime and Port Board to CPI.See All>>
From 6 to 7 November, CPI hosted the “2019 International P&I Insurance and CPI Development Exchange” in Shanghai.See All>>
5 November in the morning, the Dalian Branch of CPI hosted a special topics seminar.See All>>
24 October in the afternoon, CPI hosted the 2019 Sanctions Training Seminar in the Shanghai North Bund International Shipping Service Center.See All>>
The 62,000 DWT type, multi-purpose paper pulp vessel of COSCO Shipping Specialized Carriers Co., Ltd. “M/V COSCO SHIPPING ZHUO YUE, 40250 GT” recently entered CPI, marking a new record high for CPI total entered tonnage, which now exceeds 65 Million GT.See All>>
24 September 2019, CPI Managing Director Dr. Song Chunfeng led a visit to the Secretariat of the International Group of P&I Clubs (IG) in London, England. Dr. Song and his team met with the newly appointed CEO of the IG Mr. Nick Shaw and Mr. David Baker.See All>>