The American Club was originally formed as a consequence of legislation passed in the United Kingdom at the height of World War I. In 1916 the British Parliament passed the Trading with the Enemy Act which imposed economic sanctions on Germany and extended them to neutral vessels. At that time, the majority of internationally-trading US flag vessels were insured by British P&I clubs.
This meant that the British clubs involved in the P&I insurance of the American fleet came to be severely constrained in the extent of cover they were able to provide to US shipowners who effectively found themselves, as a result, deprived of the protection they had hitherto been afforded.
This meant that the British clubs involved in the P&I insurance of the American fleet came to be severely constrained in the extent of cover they were able to provide to US shipowners who effectively found themselves, as a result, deprived of the protection they had hitherto been afforded.
Services
A message from George Gourdomichalis, Chairman of the Board of Directors of the American Club. On behalf of the Directors of the American Club, and its membership at large, I welcome you to our Club's website. Our Club offers excellence in P&I service, spanning the globe and across its oceans, with its six locations able to meet all the challenges of our industry and serve its Members' needs in an ever-demanding and changing regulatory environment.As we embark on our second century of offering high quality and solid service to our membership, we stand financially strong and able to meet the rigors of our Members' needs.
This is a profile of the American Club - an overview of who we are and what we do. It is intended to provide a comprehensive picture of the Club's business in a brief and accessible form. It also seeks to answer the question - why choose the American Club? There are very good reasons to do so! The American Club occupies a special place in the P&I world and offers a special welcome to shipowners and charterers of all kinds from every part of the globe.
The thirteen Clubs which together form the International Group of P&I Clubs ("the Group") between them provide liability cover for approximately 90% of the world's ocean-going tonnage. Like the American Club, each Group club is an independent, non-profit making mutual insurance association, providing cover for its shipowner and charterer members against third party liabilities relating to the use and operation of ships.
This insurance, usually referred to as "P&I, " provides cover to shipowners, operators, and charterers for third-party liabilities encountered in the commercial operation of entered vessels. This cover is referred to as "Class I, " and the Class I Rules are the basic contractual terms upon which the owners/operators, or "members, " are insured.
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