Club

{
  "id": "MLC-T-IND-001176",
  "term": "Club",
  "field": "Industrial and trades",
  "definition": "A mutual insurance association, such as a Protection and Indemnity (P&I) Club, formed by shipowners to provide liability coverage for risks not typically covered by commercial hull and machinery insurance. These clubs offer coverage for third-party liabilities, including cargo damage, pollution, and personal injury. Members contribute to a common fund to cover claims, operating on a non-profit basis.",
  "subject": "Marine and shipyard",
  "translations": {
    "de": "treiben",
    "es": "garrear",
    "fr": "chasser sur son ancre"
  },
  "url": "https://mlchart.com/terminology/industrial/club/"
}