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The UK P&I Club has announced the successful completion of the P&I renewal for 2024.
This circular informs Members that the Club can now provide an economically priced Charterers’ Liability buyback for the excluded risks on a voyage by voyage basis with flexibility on available limits.
Notice of Cancellation (“Notice”) is hereby given that, with effect from Noon GMT Tuesday 20th February 2024, the following coverage changes will be implemented in respect of War Risks coverage on all non-mutual business including but not limited to Charterer's Liability Cover, Non-Poolable extended and ancillary covers to Mutual entries and Fixed Premium P&I Cover.
The UK P&I Club received the following update from Harpaz P&I, a local Israeli correspondent, regarding the port situation in Israel.
The Greek Supreme Court has recently confirmed the principles for determining a limitation of liability
The amended Marine Environment Protection Law of China has come into effect from 1 January 2024
Further to the Club's previous alert, the industry associations (BIMCO, CLIA, ICS, IMCA, INTERCARGO, INTERTANKO and OCIMF) have revised the security guidelines for navigating through the Southern Red Sea and Gulf of Aden from 5th February 2024.
The twelve 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.