The idea of establishing Islamic P&I Club (IPIC) as a mutual and non-profit organization was proposed and approved by the Organization of the Islamic Shipowners’ Association (OISA), affiliated institution to the Organization of the Islamic Cooperation (OIC). In the 23rd Executive Committee Meeting and the 15th General Assembly Session in October 2001 held in Dubai, the Members of the Organization unanimously approved the procedure of the establishment of Islamic P&I Club and Islamic P&I Club was officially born. The achievement was adopted by the 10th OIC Summit, which was held in Putrajaya, Malaysia in October 2003 and Summit following the RESOLUTION No.35/10-E(IS).
As per kind auspicious of the Government of Dubai, Islamic P&I Club headquarters officially established is in Dubai without the need for sponsorship in 2004.
In order to have better access to the clients either potentials or current members, IPIC organized a second management office in Jakarta – Indonesia in 2009 while Istanbul – Turkey will be IPIC third office. It is policy of the Club to have offices in Beirut – Lebanon as well as Cairo – Egypt in due course.
IPIC provide the most comprehensive and tailor-made cover to its members for protecting their third party legal liabilities and expenses out of the vessel’s operation up to the limit of liability USD 1 Billion as well as Freight Demurrage & Defence, Charterers’ Liability, Loss of Hire and War Risk, Hull & Machinery and K&R through its associate companies. Risks are reinsured through a syndicate of prominent international reinsurance companies to secure the member’s needs in a proper manner.
While the Club have strong links to correspondents supported by a worldwide network of more than 485 independent firms and consultants as well as surveyors, is able to render immediate assistance to the members via its local expertise located in 120 countries and 425 ports, without any delay.
Amir H. Mosadeghi, CEO
Amir Emad Mosadeghi, Deputy CEO
Mohamad Ahmad Renno, Underwriting Manager
Aliasgar Raja, Claims Manager