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p&I

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Protection and Indemnity insurance, or as it is more commonly known – ‘P&I’, is third party legal liability insurance for ship owners, operators and charterers 

FD&D

Legal costs

FD&D (Freight, Demurrage and Defense) provides assistance to Members for the cost of legal representation and expert advice in relation to claims, disputes and other matters of a shipping nature which are not already covered by P&I and are not covered by any other form of insurance 

H&M

H&M

Despite modern technical and technological progress safety at sea is far from being absolute

War Risk

War Risk

Loss or damage caused by an act of war including civil war, revolution, rebellion, riot, hijacking or detention whereas normally these risks are excluded from the usual coverage 

TCL

TCL

The “charterer’s liability insurance” is a type of marine insurance. Most ships are chartered either on a time charter or voyage charter contract 

SOL

SOL

This insurance covers a shipowner’s liabilities arising under a contract of carriage where they normally would have cover

AboutUs

Wave Friends Club

Wave Friends Club, is the leading P&I insurer within the region, underwriting standard P&I covers as set out in the Rules. The Club is reinsured by the  Central Insurance, which is a state run organization, fully supported by the Government.
Our clients include ship owners, operators and charters of various vessel types, whom we are committed in serving their Protection and Indemnity needs professionally.
Wave Friends Club covers against following liabilities, should an owner/ operator/ charter require wider covers, the underwriting department is prepared to discuss, provide legal expertise and accommodate such requests if desired: Liability for Crew and other persons; Stowaways and refugees; Collision; Cargo; Pollution; Wreck removal; Legal costs, sue & labour; F.F.O; Fines; S.O.L and T.C.L.


  Wave Friends Club

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About Us

    Wave Friends Club, is the leading P&I insurer within the region, underwriting standard P&I covers as set out in the Rules. The Club is reinsured by the Islamic Republic of Iran Central Insurance, which is a state run organization, fully supported by the Government.