New format financial statements published
- Date: 29/06/2012
Our Club has adopted the International Financial Reporting Standards (“IFRS”) format for its full financial statements that are now available on this website. The enhanced disclosure of information of IFRS provides a better understanding of the financial performance of the Club and its financial position.
Financial information is published in the About the Club section of our website. A detailed explanation of the move to IFRS and the advantages it presents to members and stakeholders is found there, together with the key financial statements and extensive supporting notes.
The change has had no impact on the reported financial strength of the Club. The free reserve of the Club before and after transition has remained the same. The value of the Club’s hybrid capital is also unchanged.
The physical copies of the full Directors Report & Financial Statements should be ready for distribution within the next fortnight.
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