Members will have seen that the Club has just issued a circular advising that it is in discussions with the Britannia P&I Club about a possible merger.
This development results from an active process of the Club Board over recent months in which it has examined the Club's strategic options for the future, and where the key drivers include the preservation of the mutual P&I system, and achieving a scale that enables the most efficient capital structure and cost effective insurance. The merger will also enable the new club to invest in people and resources for the direct benefit of members.
The rationale and the benefits of a merger will be considered by the boards of both P&I clubs in the next few months. An additional board meeting is now scheduled for April, where the issues will be discussed in some detail. Then, after a period of further consideration, the boards of both clubs will decide at their Board meetings in May whether they are prepared to recommend the merger to their membership. If so, there would then be a Special General Meeting of each club towards the end of June.
If the membership of both clubs votes in favour of the merger, then steps would be taken with a view to creating a single merged club in time for the 2017 renewal.
The UK P&I Club recently held a webinar on the maintenance and proper use of mooring ropes; the webinar received an overwhelming response with attendees from more than 50 countries worldwide.
The new Civil Code of the People’s Republic of China came into effect from 1st January, 2021, bringing in numerous changes to the rules governing civil disputes in China, those of particular relevance to Members are the changes to the rules relating to guarantees, which we consider in more detail below.
Notice is hereby given that a Special General Meeting of the Members of ‘UK(E)’ - The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited - will be held at 3 pm on Tuesday 19th January 2021 at the offices of Thomas Miller P&I (Europe) Limited.
At the Special General Meeting held on 24th September 2020 in London, the proposed change of company name for The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited was approved by the Members.
