The North P&I Club has notified the International Group of protection and indemnity insurers that it expects P&I-related claims of about $115m resulting from the loss of the 7,700-ceu car carrier Golden Ray (built 2017), according to sources close to the business.
However, the 13 International Group members, which split pooled claims costs of more than $10m, are concerned the final figure could end up being significantly higher.
