At its meeting on the 4th November 2019, the Board reviewed the financial position of the Club including the performance of the open and closed policy years and decided on the required premium levels for the 2020 policy year.
This circular provides details of the AGM of the Association which will take place in Singapore at 9am on 4th November 2019 and the arrangements for voting by proxy.
The MARPOL permitted limit for sulphur content in ships’ bunker will be reduced from 3.5% m/m to 0.50% m/m for ships operating outside designated emission control areas.
The International Group has agreed to cover liabilities arising in respect of the carriage of cargo under three electronic trading systems – Bolero ESS and the e-title system
The International Group Clubs recognise that the 2020 Global Sulphur Cap presents important challenges to the shipping industry and are closely monitoring discussions at the IMO.
At their meeting on 28th January 2019, the Directors reviewed the basis on which special war risks P&I cover could be made available to Members in accordance with the proviso to Rule 5E, and determined that this cover should be made available to Members for the 2019 policy year in accordance with the terms of the attached Directors’ Resolution of 28th January 2019.
This circular informs Members of the significant risk of evading the comprehensive international sanctions regime against the Democratic People’s Republic of Korea.
A Special General Meeting of ‘UK(E)’ – The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited – will be held on 17th January 2019 in London.
Circular 14/18: Review of open policy years and 2019 General Increase: Standard deductible remains unchanged at US$12,000 per event for the 2019 policy year. Any change in the cost of the International Group reinsurance will be passed on to the mutual Members. An explanation of the financial background to the Board’s decisions can be found in the “Autumn Statement 2018” which accompanies this Circular.
This circular provides details of the AGM of the Association which will take place in Tokyo at 9am on 29th October 2018 and the arrangements for voting by proxy
