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 64 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, Hongyuan Marine, Jiangsu Huaxi Ship Management, Shanghai Junzheng Logistics, HTM Shipping, IMC Group, Chinese-Polish Joint Stock Shipping, 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.
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>>
11 September 2019, the 2019 Annual Loss Prevention Seminar was held in Hangzhou City, Zhejiang Province. The Seminar was sponsored by China Shipowners Mutual Assurance Association (CPI) and organized by Shanghai P&I Services Ltd.See All>>
10 September 2019, the 2019 Annual Session of the Insurance and Law Committee of China Shipowners’ Association convened in Hangzhou City, Zhejiang Province.See All>>
12 July in the morning, Head of the Maritime Commerce Tribunal of Shanghai Maritime Court Mr. Xie Zhenxian, Presiding Judge Ms. Yang Chan, Assistant Judge Mr. Wang Huanjin and Assistant Judge Mr. Xie Yizhou visited CPI.See All>>
18 July afternoon in Shanghai, the International P&I Exchange and the Signing Ceremony of the Strategic Memorandum of Cooperation were jointly hosted by CPI and Shanghai P&I Services Ltd. at China P&I Center.See All>>
16 July, the Shandong Shipping special service team of CPI, led by Dr. Song Chunfeng and comprised of 7 core team members visited CPI board member – Shandong Shipping Corporation in Qingdao, Shandong.See All>>
24 July in the morning, Deputy Secretary-General of CMAC Ms. Xie Changqing led a visit to CPI and held a special seminar on “the Developments, Characteristics and Practical Examples of China Maritime Arbitration Commission (CMAC)”.See All>>
The 39th Annual General Meeting of China Shipowners Mutual Assurance was held in Ningbo City, Zhejiang Province, on 20 June 2019, presided by Dr. Song Chunfeng, the Managing Director of the Association.See All>>
10 June in the afternoon, CPI and law firm Holman Fenwick & Willan (HFW) held the signing ceremony for the Strategic Cooperation Memorandum in the CPI Shanghai Headquarters.See All>>
On 30 May 2019, the 61st Board Meeting of China Shipowners Mutual Assurance Association was convened in Kunming City, Yunnan Province.See All>>