The attached FAQs issued by the International Group of P&I Clubs address the the legal Status of EU Council Regulation 267/2012; the effect of the "grace periods"; and the impact on the cover provided by clubs. These FAQs should be read in conjunction with the FAQs issued on 8 February 2012 regarding EU Council Decision 1012/35. These FAQs, the Regulation and the Council Decision can be can be downloaded below.