2016 Reinsurance rates announced
- Date: 13/01/2016
The International Group today announced that it had concluded terms for 2016 in respect of the excess of loss reinsurance.
The Club will formally publish its customary circulars following the Board meeting on 1st February. The revised rates for the 2016 policy year are set out below.
International Group General Excess of Loss Reinsurance Contract Renewal 2016 policy year
The International Group RI rates (per GT) including Hydra premium, Collective Overspill Cover and Excess War Risk P & I for the year commencing 20 February 2016 are as follows:-
2016 rate per gt
% change from 2015
% - 10.25
% - 10.26
DRY CARGO VESSELS
% - 7.18
% - 7.19
Further explanation is available on the International Group website here.
Legal, navigational and environmental resources, news and updates on the development of polar shipping. Read more
US VRP Compliance
With effect from 30th January 2014 non-tank as well as tankships calling at US ports will be required to submit VRPs. For Club and other resources to assist in compliance click here
International Environmental compliance
Environmental Compliance resource page collates material in respect of International environmental compliance issues affecting our Members. Information from the Club, Loss Prevention and external resources has been collated in one place for ease of reference.
The Maritime Labour Convention enters into force in August 2013 - resources, news & advice on implementation can be found in this dedicated section. READ MORE
Essential precautions and preparation against piracy, as well as additional information and resources, loss prevention advisories and useful external web links