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A guide to the Baltic 99 questionnaire for the dry bulk shipping industry

A step-by-step guide to the Baltic 99 questionnaire

Chapter 8: Insurances

The vessel should be insured against specific risks the most important of which are (1) the Hull & Machinery (H&M Insurance) and (2) the Protection and Indemnity Insurance (P&I Cover).

The Hull and Machinery Insurance covers risks related with the loss or damage on the vessel and her machinery/equipment

The P&I Insurance covers the shipowner/operator/manager of the ship for any risks related with third party liability. For example, for any environmental pollution or any crew injury.

Therefore, the P&I Insurance is mandatory in order for the vessel to trade. However, it is common that the 3⁄4 of the collision liability insurance to be covered by the H&M Underwriters and for this reason the H&M Cover is also required here. Otherwise, if the 100% of the collision liability insurance is covered by the P&I Club, the H&M cover remains to the Shipowner’s discretion.


The H&M Insured value can be found in the H&M Certificate which is issued by the underwriters. Sometimes, there may be more than one underwriters having a stake in the vessel’s cover however the insured value is the same for all underwriters.


The P&I certificate is issued by the Insurers of the vessel. There are 13 major P&I Clubs which are members of the International Group of P&I Clubs and provide higher standards of protection. Here you will find a list of these clubs along with more details on the way they are organized and work.


The name of the H&M underwriter should be mentioned here. Despite the fact that the vessel is insured with only one P&I Club, it is not as straightforward when it comes to H&M Insurance.

As mentioned in paragraph 7.1. above many underwriters may have a stake in the vessel’s H&M coverage. This makes sense since the insured values involved are too high and both the owner and the underwriter diversify their risk in an effort to minimize costs.

In case that more than one underwriters exist, you have to mention the leader (the underwriter with the higher stake).

Keeping track of your B99 questionnaires with Shipamax

Keeping track of the latest B99 questionnaires can be time consuming. Shipamax offers an electronic version of the Baltic 99 questionnaire as part of our team workspace for operators. If you already keep this information in online format, speak to us to understand how we can automatically sync this with our intelligent layer for dry bulk shipping operators.

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