https://www.taxtmi.com/news?id=26923 A proposal for a full-fledged Protection and Indemnity (P&I) entity aims to reduce vulnerability to international sanctions, provide liability protection for coastal and inland vessels, secure India's presence in the specialized P&I insurance segment, and encourage maritime arbitration. Complementary measures include IRDAI-backed Marine Cargo Pool and reinsurance reforms, the IFSCA Framework for Ship Leasing with IFSC tax incentives, establishment of ADR mechanism SAROD-Ports, and an International Arbitration Centre in GIFT City to speed dispute resolution. en-us Thu, 19 Oct 2023 17:58:42 +0530 Thu, 19 Oct 2023 17:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26923 A proposal for a full-fledged Protection and Indemnity (P&I) entity aims to reduce vulnerability to international sanctions, provide liability protection for coastal and inland vessels, secure India's presence in the specialized P&I insurance segment, and encourage maritime arbitration. Complementary measures include IRDAI-backed Marine Cargo Pool and reinsurance reforms, the IFSCA Framework for Ship Leasing with IFSC tax incentives, establishment of ADR mechanism SAROD-Ports, and an International Arbitration Centre in GIFT City to speed dispute resolution. News - Thu, 19 Oct 2023 17:58:42 +0530 https://www.taxtmi.com/news?id=26923