P&I Claims Survey is an essential process conducted to evaluate and assess claims related to maritime incidents involving Protection and Indemnity (P&I) insurance. This survey helps determine the validity of claims, estimate losses, and provide detailed reports to assist P&I Clubs in their decision-making processes.

Purpose:

• To investigate the circumstances surrounding a maritime incident.
• To assess the extent of damage or loss and determine liability.
• To provide comprehensive documentation for claims processing.

Key Components:

1. Incident Investigation:
• Gather all relevant details regarding the incident, including witness statements and official reports.
• Analyze circumstances leading to the claim, including operational practices and compliance with safety regulations.
2. Damage Assessment:
• Conduct thorough inspections of the affected vessel, cargo, or third-party property.
• Document the extent of damage with detailed photographs and descriptions.
3. Documentation Review:
• Examine all relevant documents, such as logbooks, contracts, and insurance policies.
• Assess compliance with regulatory requirements and safety protocols.
4. Liability Evaluation:
• Determine liability based on the findings from the investigation and assessment.
• Identify any contributing factors that may impact the claim.
5. Reporting:
• Prepare a comprehensive claims report summarizing findings, damage assessments, and liability determinations.
• Include recommendations for claims settlement or further action.

Benefits:

• Objective Evaluation: Provides an impartial assessment of claims, ensuring fair treatment for all parties involved.
• Risk Management: Assists P&I Clubs in identifying trends and mitigating risks associated with maritime operations.
• Streamlined Claims Process: Facilitates faster resolution of claims by providing thorough documentation and analysis.

Conclusion:

The P&I Claims Survey is a critical tool in managing maritime insurance claims. At Magna, we are dedicated to delivering detailed and reliable survey services, ensuring that P&I Clubs can effectively navigate the complexities of claims management while protecting their members’ interests.