UKDC - Minimising Counterparty Risk

UKDC - Minimising Counterparty Risk

Recent years have seen tough operating conditions for those involved in the transport of goods round the world. With the volumeof trade declining rapidly and a surplusof tonnage after the good years, earnings have plummeted and a number of companies have found themselves in financial difficulties, with high profile companies seeking financial protection from their creditors. This may involve a period of re-organisation from which the company may emerge to trade again, or the company may cease operating altogether. In either case the creditors may find themselves having to receive significantly less than the amount that they are owed by the defaulting company, or maybe  nothing at all.

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.

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