North P&I Club has forged a joint venture with 24Vision that brings together the might of the club’s financial security with the innovative forward thinking on marine insurance of Dutch industry veteran Martin Lanting.

The pair announced a tie-up in which North will be the insurance carrier for 24Vision’s marine liability products.

The joint venture is aiming to provide charters protection and indemnity cover to the shipping industry’s major traders and also to expand into the fixed premium business.