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.
A Special General Meeting of The United Kingdom Mutual Steam Ship Assurance Association Limited will be held at 3pm on 26th July 2021 at 90 Fenchurch Street, London EC3M 4ST.
This article examines the outlook for offshore wind farms in the United States, including the two types of offshore wind farm, regulatory compliance and more.
In the second episode of the UK Club ask an expert series focusing on ballast water the topic of Type Approval US Vs IMO, old G8 Vs BWM Code – Limitations of the Type Approval is examined with Dr Li Gang from SGS.
In this, the third and final episode addressing BWM, the topic of Compliance Monitoring and Enforcement of the Ballast Water Management Convention is examined with Dr Guillaume Drillet from SGS.
