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Circular 04/22: Review of Open Policy Years
At their meeting in May 2022, the Directors closed the 2019 policy year. The deficit was transferred to the reserves.
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.
A Guide to People Claims
Information and documentation required to efficiently handle your claim.
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.
Affiliates
