Bayside Shipping - Services

Bayside Shipping Services is the leading service orientated Commercial P&I and H&M Club Correspondent in Australia.

With over 50 years experience we have the range of skills and depth of knowledge to provide P&I and H&M Clubs and their shipowner and/or charterer members with immediate assistance and support and can play a pivotal role in the management of marine incidents.

At Bayside we offer:

initiative
local knowledge
experience
dedication
24 hour service
support to the Master and Crew
situation evaluation
practical solutions
good communication

Bayside assists Club Members when requested on a case by case basis providing a personal service based on loyalty and trust. Bayside is not an agent.

We have a detailed knowledge and understanding of a range of widely utilised bills of lading, charter parties and other contracts of affreightment, and their interpretation and application under various international conventions throughout the world.

P&I

P&I Insurance is a specialised third party liability cover for shipowners and charterers relating to risks and liabilities arising out of the use and operation of ships. It does not cover the hull of the vessel.

There are several fixed-premium insurance providers, offering P&I insurance. However, the vast majority of P&I insurance is purchased through one or more independent, non-profit making mutual insurance associations. Such associations are better known as P&I Clubs.

There are 13 major P&I Clubs who collectively comprise The International Group of P&I Clubs. Between them, they provide P&I cover for approximately 90% of the world’s ocean-going tonnage.

Liabilities covered are wide ranging and include:

personal injury to crew, passengers and others on board
cargo loss and damage
oil pollution
salvage, wreck removal and general average
damage to fixed or floating objects
collision damage to other ships
stowaways

In addition, the International Group provides a mutual reinsurance scheme for the member Clubs through the International Group Pool and its associated Excess Loss Reinsurance contracts.

The Pool provides a mechanism for sharing all claims in excess of US$9 Million up to, approximately US$7.5 billion (as at May 2015).

H&M

Hull & Machinery insurance covers damage to the hull, machinery and equipment installed on the vessel.

The terms of H&M cover vary but often P&I and H&M insurance interact in the area of collision liability and liability for contact damage to third party property.

Depending upon the terms of cover, H&M may include:

heavy weather, Stranding or collision
fire, lightening, explosions
loading or discharging cargo
going on or off dry docks and marine railroads
negligence on the part of the captain and/or crew
collision damage to other ships

Generally, but not always, cover against War, Strikes, Riots, Civil Commotions is arranged separately to a vessel's Hull and Machinery Insurance and extended to include War Protection and Indemnity Risks.

For further information please don't hesitate to contact us.