Into force from 1st January 2018 new oil spill response requirements in Honduras and will apply to both tank and non-tank vessels
A Special General Meeting of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited (UKB) will be held on 18th January 2018 in Bermuda.
Club Circular 11/17: Group reinsurance rates reduced for all vessel categories Individual Club retention to remain at $10 million The attachment point on the Group GXL reinsurance programme, will remain at US $100 Hydra has maintained its participation on the ﬁrst layer Oil pollution cover limit remains at $1 billion for the 2018 policy year MLC cover will be renewed for a further 12 months from 20 February 2018 with an increased limit of US $200 million
Brexit: The UK P&I Club to set up a subsidiary in the Netherlands
REVIEW OF OPEN POLICY YEARS AND 2018 POLICY YEAR GENERAL INCREASE At its meeting on 30th October 2017, the Board reviewed the financial position of the Club, the performanceof the open and closed years and decided on the required premium levels for 2018.
Circular 8/17: Report of the AGM proceedings and resolutions adopted / New Directors elected to the Members’ Committee.
This circular provides details of the AGM of the Association which will take place in Singapore at 9am on 30th October 2017 and the arrangements for voting by proxy.
IMO’s MEPC 71 has revised the implementation schedule for the installation of a BWM system under BWMC 2004 Vessels constructed on or after 8th September 2017 should have a BWM system installed on delivery Vessels with completed IOPP renewal surveys between 8th September 2014 and 7th September 2017 should have a BWM system installed by the first IOPP renewal survey on or after 8th September 2017 All other existing vessels should have a BWM system installed by the second IOPP renewal survey after 8th September 2017 Vessels not required to have an IOPP certificate should have a BWM system installed by 8th September 2024 All Clubs in the International Group have issued similar circulars
Members are informed that BIMCO and ISCO (the International Spill Control Organisation), have launched two standard contracts, RESPONSECON and US RESPONSECON, for the hire of specialised spill response services and equipment.
At their meeting in May 2017, the Directors closed the 2014 policy year. The surplus was transferred to the reserves. The 2014 policy year was closed and open years developing in line with expectations.