Malaysia is set to join the ranks of countries with a national protection-and-indemnity (P&I) club.

The Export-Import Bank of Malaysia (Exim Bank) has been charged with organising a P&I venture that will offer smaller ships liability cover for “reasonable” premiums.

There is talk in the market of the Rotterdam-based RaetsMarine group being involved as an advisor, claims handler or reinsurer but this could not be confirmed before TradeWinds went to press.

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