EMERGENCY CONTACTS
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- Indonesia - possible ban on export of minerals
- Review of the Year 2012
- US Executive Order 1 May 2012: Extension of sanctions in respect of Iran & Syria
- Liability limits increased under LLMC96: IMO bulletin 19th April
- EU Regulation 267/2012 - Iran sanctions - IG FAQs of 19th April
- Chauncy Maples on course
- Risk Focus: Slips, trips and falls
- 819 - 04/12 - Import containers with radiation exposure - USA
- BMP 4 - Chinese version
- EU Regulation 267 March 2012 - International Group FAQs re latest Iran sanctions
INDONESIA BULK CARGOES - EXPORT BAN
Legislation passed in Indonesia may ban export of minerals from Indonesian ports, unless the shipper has been granted a specific export permit. The cargoes affected may include nickel ore, bauxite and iron ore. Reports suggest ships scheduled to load or in process of loading ore cargoes may be delayed if exporters do not possess the relevant permit. READ MORE
FEATURE STORY
Good result in difficult times
This year we report another operating surplus and a further increase in the Club's free reserves and hybrid capital to $486 million. This level of capital, puts our Club's financial strength at the top level of its peer group in the P&I sector. This result is particularly pleasing as it comes in a year which has seen results elsewhere in the market adversely affected by an increase in claims and volatile investment returns.
Overall the Club produced a surplus of $11 million. The main driver behind this positive outcome was the continuing improvement in the claims reserves on the more recent policy years and the early indications that 2011 will be a low claims year. READ MORE
INTERNATIONAL GROUP
The latest activities of the International Group are summarised in their annual report together with other background material in this section. READ MORE
INTERNATIONAL SANCTIONS
Recent guidance on international sanctions against various countries updated to include latest financial sanctions against Iran, Syria and others. READ MORE
CHARTERERS COVER
The UK Club’s charterers’ liability product is available to charterers of ships on both time and voyage basis. Cover extends to include fines, associated costs and expenses and costs incurred to avoid or minimise claims. READ MORE