Limit on Special War Risks P&I cover for 2018 policy year remains US$500 million. Bio-Chem" exclusion remains, and a supplementary cover for "Bio-Chem" risks in respect of crew and legal costs limited at US$30 million continues to be available. A portion of these covers is provided in accordance with the requirements of the US Terrorism Risk Insurance Act of 2002 (Act), as amended by the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2015

Into force from 1

A Special General Meeting of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited (UKB) will be held on 18th January 2018 in Bermuda.

Club Circular 11/17: Group reinsurance rates reduced for all vessel categories Individual Club retention to remain at $10 million The attachment point on the Group GXL reinsurance programme, will remain at US $100 Hydra has maintained its participation on the first layer Oil pollution cover limit remains at $1 billion for the 2018 policy year MLC cover will be renewed for a further 12 months from 20 February 2018 with an increased limit of US $200 million

Brexit: The UK P&I Club to set up a subsidiary in the Netherlands

Circular 8/17: Report of the AGM proceedings and resolutions adopted / New Directors elected to the Members' Committee.

This circular provides details of the AGM of the Association which will take place in Singapore at 9am on 30th October 2017 and the arrangements for voting by proxy.

Members are informed that BIMCO and ISCO (the International Spill Control Organisation), have launched two standard contracts, RESPONSECON and US RESPONSECON, for the hire of specialised spill response services and equipment.

STOPIA and TOPIA have had their 10 years' period review with participation of ship and oil cargo interests.

At their meeting on 30th January 2017, 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 2017 policy year in accordance with the terms of the attached Directors' Resolution of 30th January 2017.