General increase for the 2011 policy year set at 5 per cent plus any increase in the cost of the International Group reinsurance premium for 2011 for the mutual Members. The standard deductible will remain at $5,000 for the 2011 policy year. Detailed explanation of the financial background to the Board’s decisions can be found in the "October Review 2010" which accompanies this circular
US Coast Guard published its circular NVIC No 2-10 providing guidance on implementation and enforcement of VRP Final Rule requirements. A correction and further update to Annex 4 of Club Circular 12/10 is provided below. An amendment has been made to the previously circulated Donjon Smit contract. This circular refers to Club Circular 12/10 and a similar circular is to be issued by all Group clubs.
OUTLINEThese precautions arise from the recent decision in the “Bremen Max” case (LLR 2009 Vol. 1 81)This circular relates to <a...
The compulsory insurance provisions of the amended Filipino Migrant Workers Act should come into force before the end of October 2010. P&I cover does not extend to all of the compulsory insurance provisions of the Act, nor cover seafarers directly. Manning & recruitment agencies need to evidence compliance with these compulsory insurance provision before POEA issues an overseas employment certificate. This circular refers to previous circular 9/10 (June 2010).
The compulsory insurance provisions of the amended Filipino Migrant Workers Act should come into force before the end of October 2010. P&I cover does not extend to all of the compulsory insurance provisions of the Act, nor cover seafarers directly. Manning & recruitment agencies need to evidence compliance with these compulsory insurance provision before POEA issues an overseas employment certificate.
The International Group have agreed to cover liabilities arising in respect of the carriage of cargo under certain approved electronic trading systems To date, versions of two such systems have been approved - Bolero (www.bolero.net) and ESS (www.essdocs.com) Traditional exclusions of cover under Club Rules continue to apply in the same manner as with paper systems Participation in electronic trading systems may expose Members to risks for which additional non-P&I cover should be obtained
The International Group of P&I Clubs (IG) and BIMCO have drafted a revised Himalaya clause for use in bills of lading and other contracts A copy of the revised clause is attached to this circular. The clause intends to exempt a contractual carrier’s or other contracting party’s servants, agents or subcontractor’s from liability under a contract or extend to them the same protection from liability enjoyed by the carrier. Care should be taken to ensure the clause achieves its purpose when incorporated into different types of contract e.g. properly defining the terms ‘Carrier’ and ‘Merchant’ when used in bills of lading or other contracts of carriage. Depending on the jurisdiction in which liability may arise, the protection of the clause cannot always be guaranteed.
A further postponement of the requirement to contract with an MSA approved oil pollution response company is likely An update of the existing situation This circular refers to previous circulars 12/09, 15/09, 5/10 & 7/10
This circular provides details of the AGM of the Club in Shanghai on 18th October 2010 and the arrangements for voting by proxy.
This circular applies to owners of tank vessels carrying oil calling at US ports The US Coast Guard Final Rule requires oil tanker owners/operators to submit their vessel response plans (VRPs) relating to salvage and firefighting by 22nd February 2011 It also requires they ensure pre-contracted salvors & firefighters comply with 15 capability criteria. See Annex 1 of this circular. Guidance on use of Lloyds Open Form, contracts and funding agreements are provided in Annexes 2 & 3 of this circular. Annex 4 to this circular contains a comparison of rates and technical contract terms of four salvorsAll four annexes are reproduced on the Club website with this circular and are also available from the Manager's London agents but have not been reproduced in hard copy for reasons of economy.