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Press Release: UK P&I Club announces William Beveridge as its new Chief Underwriting Officer
The UK P&I Club, one of the leading providers of P&I insurance and other services to the international shipping community, has appointed William Beveridge as its new Chief Underwriting Officer. He joins the UK Club on completion of his current employment obligations.
Review of the Year 2022
The Club’s financial position remains strong with free reserves of $488 million as at 20 February 2022. The Club continues to comfortably meet all its regulatory capital requirements and remains in the highest AAA band of Standard & Poor’s capital model.
Circular 03/22: General Trade Licence dated 17 March 2022 – Reporting of vessel calls to Russia and transiting Russian territorial waters
On 17 March 2022 the UK Government published a General Trade Licence in part to clarify earlier amendments to the UK Russia (Sanctions) (EU Exit) Regulations (the “Regulation”). Specifically, the licence addresses the issue as to whether it is lawful under the Regulation for insurers and reinsurers domiciled or operating from the United Kingdom to provide insurance for vessels calling at Russian ports or transiting Russian territorial waters.
UK Sanctions - An Update
The UK has implemented a number of sanctions in response to Russia’s invasion of Ukraine. The applicable UK legislation is The Russia (Sanctions) (EU Exit) Regulations 2019, which has been amended by eight additional regulations (the “Amendments”).
UK P&I Club participated in SeaJapan 2022
On 20-22 April 2022 Sea Japan made a welcome return and we were delighted to participate for the very first time and show our support to one of the biggest maritime tradeshows in Japan.
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The IMO Marine Environmental Protection Committee (MEPC) held its 78th session (MEPC 78) remotely from June 6-10, 2022, and this article seeks to summarise the outcomes from MEPC 78.
The Club's Correspondent, Vitsan, has issued a Circular to advise Members of amendments and new provisions in the Turkish Environmental Law for Marine Pollution Incidents, published in the Official Gazette on 15 June 2022.
Just two months after the Ocean Shipping Reform Act of 2022 was introduced into Congress (see our previous article here), the Federal Maritime Committee (FMC) Fact Finding Final Report #29, Effects of Covid-19 Pandemic on the U.S
No Suit for You: U.S. Eleventh Circuit Prohibits Contribution Claims Against the U.S. Government for Oil Spill Cleanup Costs
Savage Servs. Corp. v. United States, Slip Op. No. 21-10745 (11th Cir. Feb. 8, 2022).
Great Lakes vessels trading is typically performed by dry bulk vessels that carry a variety of cargoes including ores, limestone, salt, cement, sand, grain, coal and gypsum. This article provides some insight into commercial shipping on the Great Lakes and some of what one might expect when transiting the area.
It is not always smooth sailing in the shipping industry
The International Group of P&I Clubs
The thirteen P&I Clubs which comprise the International Group (the "Group") between them provide marine liability cover (protection and indemnity) for approximately 90% of the world's ocean-going tonnage.