Time is running out and the bills are mounting as the protection-and-indemnity (P&I) clubs prepare for life after Brexit.

The mutuals exchanged views on the challenge they are facing at a seminar hosted by top P&I broker PL Ferrari in Genoa, Italy, last week.

There was no consensus on where the six UK-based clubs should locate operations to overcome the loss of "passporting" rights to provide cover for European Union (EU) shipowners.