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.

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


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.