IMO Jakarta Meeting on the Straits of Malacca and Singapore: Enhancing Safety, Security and Environmental Protection,” 7th and 8th September 2005


Submission by the International Group of  P&I Clubs “IMO Jakarta Meeting on the Straits of Malacca and Singapore: Enhancing Safety, Security and Environmental Protection,” 7th and 8th September 2005

The member associations of the International Group of P&I Clubs (IG) collectively provide liability insurance to about 90 per cent of the world’s ocean going fleet. This Submission comments upon the loss prevention activities of P&I Clubs and the levels of P&I insurance generally available to shipowners, including those whose vessels transit the Strait of Malacca.

Loss prevention is a core concern of P&I Club Boards and collectively the members of the International Group produce an extensive library of information designed to improve safety of ships.

Additionally, P&I Clubs’ boards view the provision of adequate levels of marine risk and supplemental war risk P&I insurance as essential to marine transport in the Strait of Malacca and world wide. At this time, IG P&I Clubs also offer Special War Risks P&I Cover (which includes terrorism risks) with a limit of USD 500 million above defined excess points. This Special War Risks P&I Cover relies on reinsurance
markets in which there are mechanisms for declarations of exclusion areas requiring additional premium. At this time no port adjacent to the Strait of Malacca and Singapore or the strait itself is a named exclusion area for the Special War Risks P&I Cover.

The IG continuously monitors the risks present and reinsurance available in order to provide shipowners with cost-effective insurance. The continued availability of reinsurance therefore influences the ability of IG P&I Clubs to provide the current level of terrorism coverage for ships transiting and calling at ports in the Strait of Malacca, and indeed anywhere else in the world. The International Group welcomes measures which improve safety and security in the Strait of Malacca. A significant
deterioration in security would ultimately be reflected in insurance conditions and costs.

Industry developments

Polar Shipping

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.


MLC 2006

The Maritime Labour Convention enters into force in August 2013 - resources, news & advice on implementation can be found in this dedicated section.  READ MORE


International sanctions

Recent guidance & corresponding material in respect of international sanctions against various countries has been updated with respect to temporary easing of sanctions against Iran.  READ MORE


Piracy

Essential precautions and preparation against piracy, as well as additional information and resources, loss prevention advisories and useful external web links


Emergency Contacts


If you need to call our offices out of hours and at weekends, click After Office hours for a up to date list of the names of the Duty Executives and their mobile phone numbers. 

Ship Finder


This Ship Finder is updated on a daily basis. Members who need to advise the Club of updates to their recorded ships' details should advise their usual underwriting contact.