It is not unusual when anchoring off ports in West Africa for ships to draw close attention from local craft, fishermen and others, looking to sell their produce in exchange for international currency and/or ship’s equipment
This circular informs Members that the Club can now provide an economically priced Charterers’ Liability buyback for the excluded risks on a voyage by voyage basis with flexibility on available limits.
Notice of Cancellation (“Notice”) is hereby given that, with effect from Noon GMT Tuesday 20th February 2024, the following coverage changes will be implemented in respect of War Risks coverage on all non-mutual business including but not limited to Charterer's Liability Cover, Non-Poolable extended and ancillary covers to Mutual entries and Fixed Premium P&I Cover.
Further to the Club's previous alert, the industry associations (BIMCO, CLIA, ICS, IMCA, INTERCARGO, INTERTANKO and OCIMF) have revised the security guidelines for navigating through the Southern Red Sea and Gulf of Aden from 5th February 2024.
In July 2023, the International Maritime Organization (IMO) announced the acceptance of bunker delivery notes (BDNs) in either hard copy or digital format as long as they adhere to the pertinent requirements outlined in MARPOL Annex VI.
Limit on Special War Risks P&I cover for 2024 policy year remains US$500 million with an exclusion of cover in respect of perils in Russia, Ukraine and Belarus, together with a buy-back sub-limited to US$80 million
COP28 took place in Dubai, United Arab Emirates (UAE), from 30 November to 12 December 2023, attended by representatives from over 200 parties to the UN Framework Convention on Climate Change (“Parties”)
The Club would like to draw Members' attention to the latest circular from Oasis P&I Services relating to the expanding of fishery farms around the route to Yantai Port.
