The Guidance provides detail on the level of due diligence and other compliance related activities expected by the US Government of parties whose business activities run a risk of engaging in trades that may breach US sanctions.
The International Group of P&I Clubs, International Chamber of Shipping (ICS), BIMCO and InterManager (the "international industry organisations") draw Members' attention to the series of recent ship detentions and crew arrests in Mexico and, in the case of the UBC Savannah, the lengthy and continuing detention in custody of the ship's Master without any formal
This circular is an update on the Democratic People's Republic of Korea (DPRK) sanctions enforcement circular that we published in 2019. It has been updated following the recently published 2019/2020 UN Panel of Experts of North Korea Sanctions Report (see Report).
At their meeting on 3rd February 2020, 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 2020 policy year in accordance with the terms of the attached Directors' Resolution of 3rd February 2020.
In 2010 the International Group launched the P&I Qualification (P&IQ) programme as a dedicated professional qualification providing high quality, sector-specific training in all aspects of P&I insurance to Club employees. The course allows candidates to gain valuable knowledge of the shipping industry, the origins and operation of P&I Clubs and the different types of liabilities insured. Two years after making the course available to Club correspondents, in October 2017, registration is now being opened to all other interested parties.
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.