The UK P&I Club (the UK Club), one of the oldest shipping protection and indemnity insurance mutuals, formally announces a reorganisation of its structure to establish the UK Europe as the sole provider of direct insurance business to UK Club Members. The new structure will take effect from February 2013 and does not impact members in the 2012 policy year.
The UK P&I Club has announced that it is reorganising its structure to establish UK Europe as the sole provider of direct insurance to UK Club members. By reducing the number of separately regulated insurers from two to one, the UK Club aims to streamline governance, reduce compliance costs and more efficiently manage the Club's solvency capital requirements whilst meeting the impending Solvency 2 regulations for insurers in the European Union.
Two directors were elected to the Board of the UK P&I Club at the AGM in Shanghai. Angeliki Frangou is Chairman of the Board and CEO of Navios Maritime Holdings Inc, Athens and of its affiliates Navios Maritime Partners LP and Navios Maritime Acquisition Corporation which have eleven owned ships in the UK P&I Club with 368,362 gross tonnage entered. Evgeny N. Ambrosov is Senior Executive Vice-President of OAO Sovcomflot, Moscow which has 24 owned ships with the Club, amounting to 639,540 gross tonnage.
a test title check
03/09/2010
short description
Time charters and legitimate last orders
10/01/2004
Ince & Co Shipping Law Update regarding the clarification on the law on late redelivery under a time charter. There is also a comment on an unusual collision, subcharterers' right to limit liability in New Zealand and an item of interest to cruise operators.
This edition of the Maritime Review contains a broad selection of pieces. The first is a detailed article on maintenance obligations under bareboat charterparties, of interest to both the offshore and the shipping industry. There is a further update on the progress of Basel II, a note on recent developments in mediation, and a note on changes to the UK tonnage tax regime.
War and Charter Parties
18/03/2003
A paper consideraring how war can affect rights and obligations under voyage charterparties.