Circular 9/18: The cost of Hybrid
The Club has completed the redemption of its $100 million hybrid bond.
Hellas Hilights- Issue 37
The January 2018 edition of Hellas Hilights is now available to download.
L4 Syndicate Manager Sumit Madhu recently presented at the international conference organised by The GLOBALMET Association on 3rd and 4th November 2017 in Mumbai.
Oman Shipping Conference
L4 Syndicate Manager Sumit Madhu recently attended the senior officers conference in Mumbai on 26th October for Oman Shipping.
Capital Link Forum- Athens November 2017
UK P&I Club Senior Loss Prevention Executive David Nichol was speaking at a high profile shipping industry forum in Athens this week. The event was organised by Capital Link at the Divani Caravel hotel and was entitled "Best industry practices - A competitive advantage".
Ukraine sanctions - Update 14th March 2014
The Club continues to monitor the ongoing state of affairs in the Ukraine and Crimea closely. At present the situation remains in the balance pending the result of the general referendum on the future status of Crimea, to be held on the16th March 2014.
Insurance market daily Insurance Day has announced the UK Club's iPandi app as one of the shortlisted entrants for their Technological Initiative of the Year award.
Our correspondents in the port of Liepaja, the Balva Insurance Company, have advised they have ceased trading. All Club matters in the port can be referred to the Liepaja office of Pandi Balt.
Iran Sanctions: EU Measures against Iran - Council Regulation 1263/2012 - FAQs 29 January 2013
On 15 October 2012 the European Union Foreign Affairs Council agreed further measures restricting trade activities with Iran
The 27 member States of the Paris MOU will focus their attention on passenger ship safety in 2013. The HAVEP will last for twelve months, commencing on 1 January 2013 and ending on 31 December 2013.
Notice of Order to Sanction Part VII Transfer by Chancery Division Companies Court - No. 5279 of 2012
NOTICE IS HEREBY GIVEN
The EU Foreign Affairs Council recently published new prohibitions contained in Council Decision 2012/635
We have been informed by certain EEA state regulators that members who have a policy which has transferred from The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited to The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited under the Scheme, where the EEA state of commitment or state where the risk is situated is in Austria, Belgium, Czech Republic, Hungary, Norway, Poland and Sweden may under the local law of such state have a right to cancel their policy as a result of the Scheme as set out below:
Thomas Miller chairman, Hugo Wynn-Williams presented FESCO with a panoramic picture of Vladivostok to mark the anniversary of their membership
The Club has been made aware of a case concerning an entered vessel which was detained for breaching the SECA regulations despite the bunker fuel being supplied in the same port as the vessel was detained.
New Passenger Liability Regulation ("PLR")
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
Circular 11/12: Entry into force of the Regulation (EC) No 392/2009 of the European Parliament and of the Council of 23 April 2009 on the Liability of Carriers of Passengers by Sea in the Event of Accidents (the "PLR")
PLR takes effect from 31 December 2012. It applies to all ships carrying more than 12 passengers and either registered in or trading to an EU/EEA Member State. Certification of insurance for liabilities up to SDR 250,000 per passenger under the Athens Convention will be required by the PLR. The Club will be issuing non-war Blue Cards to facilitate owners' application for State certificates in advance of 31 December 2012. Group clubs do not provide primary war risks cover. Arrangements for alternative means of compliance with the PLR requirement for a war risks Blue Card are currently under discussion within the International Group. Further developments should be announced shortly.