Islamic P&I (IPANDI) Club has announced its approval by the Panama Flag State, the largest in the world, with a fleet exceeding those of the US and Chinese flags combined.
IPANDI’s approval by Panama bodes well internationally for the Club. The decision was announced at the 32nd General Assembly of the Organization of Islamic Shipowners’ Association, in the presence of the guest speaker, His Excellency, Eduardo Fonesca, Ambassador of the Republic of Panama in UAE. Previously, IPANDI issued cover through strategic partners. Now shipowners and charterers of vessels flying the Panamanian flag can receive services from IPANDI more directly.
The decision of Panama to grant approval follows another success for IPANDI, with acceptance by the Comoros flag state of the mutual insurer.