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Press Release: UK P&I Club comments on the Polar Code adopted by IMO
UK P&I Club comments on the Polar Code adopted by IMO
The Polar Code is expected to take effect on 1 January 2017 via amendments to the SOLAS (Safety of Life at Sea) and MARPOL (Prevention of Pollution from Ships) Conventions. The Polar Code also includes recommendations and guidelines relating to the mandatory portions of the Code.
Hannah Charles, Senior Claims Executive, UK P&I Club, comments on the impending Polar Code and the pollution prevention measures being adopted:
“The IMO has now adopted the long awaited Polar Code. This code is a reflection of the shipping industry recognising the sensitivity of Arctic ecosystems. The code acknowledges the need for a higher degree of care when navigating polar waters, given the increased trade throughout these regions.
“The impact that the Polar Code will have on operators trading in the region remains to be seen. The Code brings with it numerous requirements for all ships trading in the Polar Regions and therefore a great deal of investment will need to be made by operators.
“The Polar Code is mandatory and comprises of detailed requirements relating to safety, design and construction, operations, training, and the prevention of environmental pollution for all ships operating in Polar Waters.
“It is without doubt that these requirements are necessary, especially given that the standard SOLAS ships are generally considered to only be adequate in open water conditions, where ice coverage is less than 10% and the average lowest daily air temperature is not lower than minus 10 degrees.”
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Notes to editors
The UK P&I Club is a leading provider of P&I insurance and other services to the international shipping community. Established in 1865 the UK P&I Club insures over 225 million tonnes of owned and chartered shipping through its international offices and claims network. ‘A (Stable)’ rated by Standard & Poor’s with free reserves and hybrid capital of $548m the UK P&I Club is renowned for its specialist skills and expertise which ensure ‘best in class’ underwriting, claims handling and loss prevention services.
The UK P&I Club is managed by Thomas Miller, an independent and international insurance, professional and investment services provider.
Thomas Miller is an independent and international provider of insurance, professional and investment services.
Founded in 1885, Thomas Miller’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals. Thomas Miller also manages insurance facilities for all the self-employed barristers in England & Wales, as well as trustees of pension schemes, patent agents and housing associations.
Principal activities include:
• Management services for transport and professional indemnity insurance mutuals
• Investment and wealth management for institutions and private clients
• Professional services
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