Panama Canal - establishment of transit reservation fees guarantees
The Club would like to draws Members’ attention to the recent Advisory issued by the Panama Canal Authority (ACP) providing modifications and clarifications regarding the establishment of guarantees for transit reservation and transit itinerary creation fees. (3/20/20)
If Members have any questions relating to this Advisory, your usual contact at the Club would be pleased to assist you.
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The Club would like to draw Members' attention to the latest circular from our listed correspondent Huatai relating to the Damage to Fishery Farms along Shandong Coast.
Circular 13/22: EU Sanctions - updated FAQs published by the EU on the carriage of certain Russian cargoes including coal and fertilisers
On 19 September 2022, the EU amended its FAQs clarifying that the carriage of certain cargoes from Russia including coal and certain types of fertiliser (and related insurance) is not prohibited (under Council Regulation (EU) 833/2014) when the goods are being transported to non-EU countries
Recently, and in particular during the summer period, the Club has noticed a spike in stowaway cases, hence the below article serves as a refresher on what is already known as well as an update on the practical problems and implications for Owners that may arise in connection with the disembarkation and repatriation of stowaways.
At their November meetings in Dubai and Rotterdam, the Boards reviewed the financial position of the Club, including the performance of the open and closed policy years, and have set a general increase of 10 per cent on all mutual premium rates for the 2023 renewal. The decisions have been agreed by the Club and its subsidiaries, including UKNV which underwrites all EEA risks.