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The Islamic P&I Club (IPANDI), a leading player in maritime insurance in the Middle East and Indian Ocean region, has recently achieved two significant milestones.
On the one hand it has earned a coveted BBB rating from Muhanna & Co., a respected actuarial consulting firm. This rating reflects IPANDI’s dedication to transparency and customer satisfaction and confirms its reputation as a reliable insurance provider. The BBB rating validates ethical practices and demonstrates a commitment to excellence. It follows a thorough evaluation process conducted by Muhanna & Co., reinforcing IPANDI’s credibility within the maritime industry. This recognition not only elevates IPANDI’s standing but also fosters the advancement of safe and compliant maritime practices on a global scale.
IPANDI CEO, Amir Mosadeghi, said: “As we continue to foster connections within the maritime community, the BBB rating from Muhanna & Co. serves as a symbol of trust, emphasising its pivotal role in ensuring secure and efficient international shipping operations.
In another key development the Panama Maritime Authority has renewed its approval for IPANDI, emphasising the importance of regulatory compliance in the maritime sector. This approval signifies IPANDI’s adherence to various international conventions, including the Maritime Labour Convention, 2006 (MLC 2006), and the International Convention on Civil Liability for Oil Pollution Damage, 1992 (CLC 1992).
The renewal of its approval by the Panama Maritime Authority further solidifies its position as a reliable provider of insurance solutions to shipowners and operators. “As Panama and the UAE continue to strengthen their maritime ties, IPANDI remains poised to play a pivotal role in ensuring the smooth and efficient operation of international shipping,” Mosadeghi added.
