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The international group of P&I (protection and indemnity) Clubs represents some 90 per cent of ocean-going tonnage. However, there is only one Asia P&I Club – the Japan P&I Club. Outside the group, there are several smaller nice clubs catering to national ship-owners such as China P&I Club. However, the Britannia Club, based in London, has in effect become Asian P&I Club with more than 50 per cent of its membership from Asia. The American Club, based in New York, has approximately 27 per cent of its membership from Asia while the SKULD P&I Club, Oslo, also has a significant Asian membership with 22 per cent from China alone. Most P&I Clubs have offices within the region targeted at servicing the Asian market. P&I Premiums for 2006 saw a rising trend up to 12.5 per cent, with an average increase of 7.11 per cent, which dropped to 6.65 per cent in 2007, according to the industry sources.

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