Loss Prevention Initiatives 2013
17/01/2013
The UK P&I Club Loss Prevention department publishes over forty different books, DVDs, videos, newsletters, bulletins and other electronic media. Members can already explore this diverse range of initiatives on the Club's website. However, a brochure summarising all these publications & resources was published this week under the title "
Renewal information on your iPad
11/01/2013
The UK Club has launched its "iPANDI" iPad based app to provide up to date underwriting information for individual members and their insurance brokers, even when on the move. The iPANDI app downloads underwriting data via the Club's IT systems and presents it conveniently in both graphic and table formats. The data can be viewed off line, for example on planes or away from the office.
Communications Director Nick Whitear presented the 2012 Journalist of the Year award to Lloyds List's Deputy Editor Liz McCarthy on behalf of the UK Club. Liz won the award after her three submitted articles
Merry Christmas & a happy new year
06/12/2012
May we wish all our Members and friends a Merry Christmas and a happy and prosperous 2013. As always our best wishes and thoughts are particularly with the crews who keep watch on board ships at sea through this time.
S&P upgrades UK Club outlook
22/11/2012
Standard and Poor's has upgraded the UK Club's outlook from "Stable" to "Positive." In its review, it stated: "The positive outlook reflects our expectation that the UK Club's stronger and more stable underwriting performance of 2011 and 2012 will continue through 2013-2015."
Following consideration within the International Group Reinsurance subcommittee, the Group has agreed that the individual club retention which was last increased from US$ 7 million to US$ 8 million with effect from the 2010 policy year will be increased to US$ 9 million with effect from 20 February 2013.
UK Club restructure advances on schedule
16/11/2012
Three key milestones in the progress of the UK Club restructure were achieved in the last two weeks. At our AGM of 29th October members voted unanimously in favour to make UK Club (Europe) the sole provider of direct insurance business to UK Club members. UK Club (Bermuda) will become the reinsurer of UK Europe and continue to be the holding company controlled by its members.
'No room for risk'
09/11/2012
The UK Club has released a short video to spread the message that "In this business there is no room for risk". The fifteen-minute video shot in various shipboard and office locations illustrates the Club's innovative approach to risk management, the 'BowTie' analysis of hazards and their potential consequences if uncontrolled. Scenes filmed on board ship highlight the role of the Club's risk assessors. Working in co-operation with the officers and crew they identify risk areas and corresponding controls and precautions, often cheaply and simply put in place.
At its annual board meeting on 29 October 2012, the Board of the UK P&I Club has agreed that the general increase for 2013 renewal will be 7.5 per cent. The Board has separately declared a Mutual Premium Discount of 2.5 per cent on the total mutual call for the 2011 policy year. The discount will amount to a 10 per cent deduction for all mutual members for the final instalment of the 2011 call due in December this year.
Thomas Miller chairman, Hugo Wynn-Williams presented FESCO with a panoramic picture of Vladivostok to mark the anniversary of their membership
Failures & Blackouts
04/10/2012
The UK P&I Club's latest Risk Focus bulletin highlights the issue of sudden loss of power, a problem highlighted by incidents during and after the switching to lower sulphur fuels that are now mandated in certain coastal regions. In the bulletin, the Club highlights causes of sudden loss of power and proposes mitigating procedures that ships' crew should adopt.
New Passenger Liability Regulation ("PLR")
27/09/2012
The European Union's PLR applies to all ships carrying more than 12 passengers and either registered in or trading to an EU or EEA Member State takes effect from 31 December 2012. This regulation implements the key provisions of the Athens Convention 1974 as amended by the 2002 Protocol and 2006 IMO Reservation and Guidelines. It requires certification of insurance for liabilities up to SDR 250,000 (approximately US$ 384,970) per passenger. Our
2012 Financial Statements in full
27/07/2012
The complete financial statements of the UK Club are being mailed to Members and brokers on Monday 30th July.
The United States Office of Foreign Assets Control regularly issues listings of all the ships, companies & individuals with whom trading would result in a breach of sanctions. Known as the Specially Designated Persons (SDN) list it now runs to some 540 pages of closely typed text. These lists are continually updated so the online search facility makes identifying such proscribed companies, individuals or ships a much more convenient task.
Additional US sanctions on Iranian companies, including shipping organisations - July 12 2012
16/07/2012
This US Treasury press release and attached papers explains how the United States is imposing additional sanctions on Iran's nuclear and ballistic missile proliferation networks. It is also taking additional steps to prevent the evasion of sanctions by publicly identifying a group of Iranian front companies and banks designating 11 entities and four individuals under Executive Order 13382.
From the 27th July to 12th August, London's hosting of the Olympics will have a significant impact on travel and transport infrastructure. The Paralympics which runs from 29th August to 9th September will also cause interruption and congestion to business travellers arriving in the capital. We have collated some key materials provided by the Olympic organisers to help you plan any London visits to avoid unnecessary delays or problems.
2012 Insight programme released
05/07/2012
The full programme for the four-day course "An Insight into Transport Law and Insurance" has been published on our website. Members of the UK P&I Club who attend this course benefit from a significant discount on the regular price, effectively supplying delegate places at cost. The Insight course which runs from Tuesday 2nd to Friday 5th October this year is aimed at executives and managerial staff either in the early stages of their careers or without specialist insurance and claims experience.
EU Council Press Release: 11808/12 - EU sanctions against Iran: exemptions to end on 1 July
27/06/2012
The latest package of EU sanctions against Iran will apply as earlier decided. Following a review of the measures, the Council confirmed that they would remain as approved in January. This means that two exemptions will end, as scheduled, on 1 July: Contracts for importing Iranian oil that were concluded before 23 January will have to be terminated by 1 July. From the same date, EU insurers may no more provide third-party liability and environmental liability insurance for the transport of Iranian oil.
Sanctions impact Members' cover
21/06/2012
Recent news reports of a ship entered with an International Group club having its cover withdrawn for allegedly carrying armaments to Syria are a reminder to operators that sanctions regimes can impact on their business. Restrictions on financial transactions, on dealings with designated parties, and on provision of insurance, may potentially restrict the ability of the Club to help and protect Members in the event of an incident. Such sanctions can affect Members who can trade lawfully to states targeted by sanctions even where those regimes are not applicable to them or they permit the trade in question.
Events & Awards
15/06/2012
Events in London & Piraeus over the last week have engaged the UK Club combining hospitality with support for maritime safety. In addition to Posidonia, the sixth annual Safety at Sea Awards took place with the Training award being sponsored by the UK Club.