P&I - IG Mutual Premium Quote
Approximate IG Club P&I premium based on GT, tonnage rate, and claims record - the mutual-cover quote structure.
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Formula, assumptions, and limits
| Symbol | Meaning | Unit |
|---|---|---|
| Gross Tonnage | ||
| Rate per GT | USD/GT | |
| Loss ratio % |
Source: International Group of P&I Clubs
In short
Approximate IG Club P&I premium based on GT, tonnage rate, and claims record - the mutual-cover quote structure.