Flag State Summary - Hungary

Congratulations to UK Club board member Nikolaus H Schües, who has been named the 46th President of BIMCO.

Loading grains in the Pacific Northwest can be a real test of patience. For shipowners not familiar with the Pacific Northwest, where it rains approximately 150 to 180 days per year, with rainfall totals averaging 40 inches per year, it is important to maximise loading during periods of light rain and to prevent vessel delays while avoiding moisture damage to the cargo during periods of moderate to heavy rain.

The region comprising Latin America and the Caribbean is a busy one for the UK P&I Club. Some prominent Members have a large number of tons entered with the Club and have this region as their principal place of business. Moreover, many of the Club’s entered ships frequently call at Latin American and Caribbean ports regardless of where the Member is based, which can undoubtedly be anywhere in the world.  

With cargo’s newfound ability to go well beyond the vessel and even the port, container lines face new liabilities. The intermodal capability means that containers transit on public highways and railroads, areas traditionally excluded from P&I cover. This new type of risk has given rise to the Through Transport Club (‘TT Club’), a specialised transport and logistics mutual covering risks complementing P&I cover. Both covers dovetail with one another through corresponding cover and exclusions during ocean transit.