Answer
Both P&I and Hull & Machinery are marine insurance arrangements taken by shipowners to transfer maritime financial risks. Both involve payment of premium or contribution, policy terms, exclusions, deductibles, claims investigation, surveys and recovery rights. Both can also respond to the same casualty, such as a collision, but H&M mainly protects the shipowner's physical asset, whereas P&I mainly protects against third-party liabilities.”
1. Collision Liabilities
2. Unrecoverable Portions of G.A
3. Modern Salvage Law- Article 13- H & M, Article 14 or Scopc- P&l.