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.
The Club wishes to remind Members of the importance of inspections and maintenance regimes, following a Transport Safety Investigation Bureau (TSIB) report detailing marine casualties due to corrosion fatigue on board.
This Legal Briefing will look at some questions Members may have relating to these two regulations as 8 September 2019 approaches, and end with brief guidance on P&I Club cover for claims arising out of breaches of these BWM regulations.
This circular informs Members of a recent ban imposed by the South Korean authority on their nationals travelling to the Philippine. This may have some implications for those vessels that are scheduled to trade to ports in certain regions of the Philippine, mostly known for nickel ore export.