The UK Insurance Act 2015 will enter into force on 12 August 2016. As an update, the eight Clubs in the International Group whose rules are subject to English law took a common approach to contracting out of certain aspects of the Act.
Following four years of consultation and an extensive review by a CMI International Working Group (“IWG”), the YAR 2016 were adopted by the CMI Assembly at its conference in New York in early May.
Update on the Maritime Labour Convention: Amendments to the MLC to implement the principles agreed in 2009 will enter into force on 18th January 2017
TO THE MEMBERSBRITANNIA AND UK P&I CLUBS MERGER DISCUSSIONS TERMINATEDThe boards of The Britannia Steam Ship Insurance Association Limited and The United Kingdom...
Members are referred to Circular 9/15 informing Members that non-tank vessels in transit through Western Alaska waters en route to or from a US port are required to follow Alternative Planning Criteria (APC) in order to fulfil federal requirements.
The International Group and the shipping line members of the Cargo Incident Notification System have collaborated to produce a new set of guidelines for the carriage of Calcium Hypochlorite in containers
The European Union and the United States continue to apply trade sanctions against the Government of Syriaand a number of designated Syrian persons and entities. This circular provides an overview of key sanctions that apply to Syria shipping and related insurance activities
Review of open policy years: 2013 policy year closed, Open years developing in line with expectations
The International Group recommends that the 2011 Inter-Club Agreement should be applied to all NYPE/Asbatime charterparties. The Group has therefore drafted a charterparty clause to promote the application and incorporation of the 2011 Agreement into all NYPE/Asbatime charterparties.
OUTLINEThe International Group has purchased €100 million of “fall-back” cover to respond to any reinsurance recovery shortfalls.“Fall-back” does not provide a long term solution to Members’ needs....