Shape the future
Issue 235
of TT Talk covered the IMDG Code and the latest initiatives from the UK P&I Club and TT Club to support training and awareness of the amendments. The Clubs have launched an
online surveyto identify needs in relation to IMDG Code training in order to help shape tools that can better support such activity and mitigate the risks arising from errors.
The Clubs are calling on all supply chain stakeholders to complete the
short surveywhich will take no longer than 5 minutes to complete and to encourage you to forward the link to any relevant parties.
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Review of the Year 2022
27/05/2022
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.
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.
AMSA Focused Inspection Campaign (FIC) in Australia on Hours of Work and Rest, May & June 2022
05/05/2022
The Club would like to draw Members' attention to the update below from the Club's Correspondents in Australia.
UK Sanctions - An Update
16/05/2022
The UK has implemented a number of sanctions in response to Russia’s invasion of Ukraine. The applicable UK legislation is The Russia (Sanctions) (EU Exit) Regulations 2019, which has been amended by eight additional regulations (the “Amendments”).