UK Club at IMLI
On 23rd and 24th February, Secretariat Paul Knight delivered two lectures on P&I Insurance matters to a number of students participating in the LLM course and Advanced Diploma in International Maritime Law from the IMO International Maritime Law Institute.
The UK P&I Club and Thomas Miller have a long standing connection with IMLI and Club representatives have been lecturing there for many years. We also host a visit to London once the students have completed their course, which involves a visit to Lloyds, Lloyds Register and the IMO.
For further information regarding IMLI and for a list of courses and programmes offered by the IMO institute, please visit their website at:http://www.imli.org
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Review of the Year 2022
The Club’s financial position remains strong with free reserves of $488 million as at 20 February 2022. The Club continues to comfortably meet all its regulatory capital requirements and remains in the highest AAA band of Standard & Poor’s capital model.
Circular 04/22: Review of Open Policy Years
At their meeting in May 2022, the Directors closed the 2019 policy year. The deficit was transferred to the reserves.
UK P&I Club participated in SeaJapan 2022
On 20-22 April 2022 Sea Japan made a welcome return and we were delighted to participate for the very first time and show our support to one of the biggest maritime tradeshows in Japan.
Circular 03/22: General Trade Licence dated 17 March 2022 – Reporting of vessel calls to Russia and transiting Russian territorial waters
On 17 March 2022 the UK Government published a General Trade Licence in part to clarify earlier amendments to the UK Russia (Sanctions) (EU Exit) Regulations (the “Regulation”). Specifically, the licence addresses the issue as to whether it is lawful under the Regulation for insurers and reinsurers domiciled or operating from the United Kingdom to provide insurance for vessels calling at Russian ports or transiting Russian territorial waters.