The long voyage of the Liverpool & London Steamship Protection & Indemnity Association is set to come to an end at the New Year, as outstanding liabilities are transferred to a Maltese insurance company.
London high court judge, Justice Newey, this week sanctioned a Part VII transfer of the P&I club’s business to R&Q Insurance (Malta).
The transfer takes effect from 31 December and paves the way for a payout to the club’s remaining members, who include club chairman, Lou Kollakis, other Greek shipowners, such as Adam Polemis and Victor Restis, as well as companies that include United Arab Shipping Co (UASC).
The
