October Review 2012
- Date: 31/10/2012
The Club’s funds have continued to strengthen in the first half of 2012 with free reserves and capital increasing by US$8 million to US$494 million. With the Club’s owned tonnage at 20th August standing at over 116 million gross tons, this represents free reserves and capital of US$4.23 per gross ton and a free reserve ratio of over 167 per cent.
The UK Club therefore continues to be one of the financially strongest clubs in the International Group. An improving claims performance on back years together with a positive investment performance in the first six months of the 2012 policy year contributed to the increase in free reserves and capital. As reported elsewhere in this October Review, the Club is experiencing an increase in the cost of claims for the 2012 policy year, as anticipated in the Review of the Year 2012.
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