US Foreign Account Tax Compliance Act (FATCA) - April 2016

The FATCA form has been updated as of April 2016. You can find the new version attached above.

FATCA became law in March 2010 and comes into effect on 1st July 2014.  The stated objectives of the legislation according to the US Internal Revenue Service are:

“Targeting tax non-compliance by U.S. taxpayers with foreign accountsFocusing on reporting: 

  • By U.S. taxpayers about certain foreign financial accounts and offshore assets  
  • By foreign financial institutions about financial accounts held by U.S. taxpayers or foreign entities in which U.S. taxpayers hold a substantial ownership interest

The objective of FATCA is the reporting of foreign financial assets; withholding is the cost of not reporting.”

We understand that FATCA applies to insurance premiums emanating from the US to foreign entities.  Such premiums are treated prima facie as withholdable payments.  This means that in the absence of evidence to demonstrate FATCA status, a 30% withholding tax must be applied.  The UK Club has taken advice and understands that under US law, the Club is treated as a “passive non-financial foreign entity”, thus rendering payments made to it exempt from the withholding tax.  The Club evidences its FATCA status through the IRS W-8BEN-E Form.

We have already received enquiries from a number of brokers and Members seeking information on the Club’s FATCA status.  If you have any questions regarding US FATCA or are remitting premium and require a copy of the Club’s W-8BEN-E Form to establish a FATCA withholding tax exemption, please contact the Club’s Head of Compliance, Paul Knight by email ( or telephone (+44 20 7204 2229).

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.