The International Group Clubs recognise that the 2020 Global Sulphur Cap presents important challenges to the shipping industry and are closely monitoring discussions at the IMO.
INTERTANKO have recently received reports from Members in relation to uncharted terminals in China ports. Hydrographic inaccuracies and the non-marking of existing terminals on charts pose serious navigational risks and prevent ship Masters from carrying out proper passage planning and risk assessment.
The Club have been advised of Member vessels being detained by the Indonesian Navy whilst anchored in Indonesian territorial waters. Many of these detentions are occurring in vessels anchored in waters around the island of Bintan, in the Eastern portion of the Singapore Straits.
At their meeting on 28th January 2019, 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 2019 policy year in accordance with the terms of the attached Directors' Resolution of 28th January 2019.
The UK Club has received the attached circular from our local correspondents, Huatai Insurance Agency & Consultant Service Ltd, regarding the prohibition of discharging waste water generated by open-loop exhaust gas cleaning systems (Scrubbers) within Emission Control Areas in China.
The third edition of "Guidelines on Cyber Security Onboard Ships" has recently been published to provide the maritime industry with updated and enhanced guidance on managing cyber related risks. The new version 3 addresses the requirement to incorporate cyber risks in the ship's Safety Management System and reflects a deeper experience with risk assessments of operational technology (OT) - such as navigational systems and engine controls. Additional guidance for dealing with the cyber risks to the ship arising from parties in the supply chain is also included.
Circular 14/18: Review of open policy years and 2019 General Increase: Standard deductible remains unchanged at US$12,000 per event for the 2019 policy year. Any change in the cost of the International Group reinsurance will be passed on to the mutual Members. An explanation of the financial background to the Board's decisions can be found in the "Autumn Statement 2018" which accompanies this Circular.
