The Club wishes to remind Members of the liquefaction risks during the carriage of nickel ore, as the shipping community continues to witness further casualties.
Group A Cargos of the IMSBC code prove a real and present danger to the stability of the ship if allowed to liquefy, as the free surface flow effect and cargo shift can cause the ship to capsize with little or no warning.
As such, the Club wishes to remind Members that as per the attached circular they are required to notify the Managers if they intend to load a cargo of lateritic nickel ore as early as possible before loading commences.
Members requiring further information should contact their usual Club contact.
At the Annual General Meeting held in Zurich on Monday 18th October, the proposed resolutions in the agenda were put to the Members and were adopted by the meeting.
Over the last eighteen months, we have witnessed the most dramatic change to working and economic conditions in our lifetime. However, the Club and the shipping industry have shown considerable resilience under these difficult circumstances.
At their October meetings in Zurich and Rotterdam, the Boards reviewed the financial position of the Club including the performance of the open and closed policy years
