News
View allCircular 07/23: Open Policy Years
31/05/2023
This circular informs Members of the review of open policy years.
Directors' Report & Financial Statements for the year ended 20th February 2022.
Circular 04/22: Review of Open Policy Years
27/05/2022
At their meeting in May 2022, the Directors closed the 2019 policy year. The deficit was transferred to the reserves.
Review of the Year 2022
27/05/2022
UK P&I Club maintains strong 2022 financial position with $488M reserves, comfortably meeting capital requirements & S&P AAA rating
Autumn Statement 2021
20/10/2021
Over the last eighteen months, we have witnessed the most dramatic change to working and economic conditions in our lifetime. However, the Club and the shipping industry have shown considerable resilience under these difficult circumstances.
This Solvency and Financial Condition Report ("SFCR") covers the Business and Performance of The United Kingdom Mutual Steam Ship Assurance Association Limited ("UKC" (solo basis) or "the Group")
This document is the second Solvency and Financial Condition Report (“SFCR”) of UK P&I Club N.V.
Circulars
View allThis 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.
Circular 03/24: War Risks P&I Excess Cover
05/02/2024
Limit on Special War Risks P&I cover for 2024 policy year remains US$500 million with an exclusion of cover in respect of perils in Russia, Ukraine and Belarus, together with a buy-back sub-limited to US$80 million
This circular highlights recent key developments in the sanctions imposed against Russia by the UK, EU and US.
Recent publications
View allRisk Focus: Tugs and Barges
12/01/2024
Book it right and pack it tight
10/11/2023
US Pollution Risks
30/05/2023
Rules and Terms & Conditions 2024
The 2024 Rules and Terms & Conditions are available to view.