Notice of Order to Sanction Part VII Transfer by Chancery Division Companies Court - No. 5279 of 2012
that on 31 October 2012 the High Court of Justice made an Order ("the Order") under Part VII of the Financial Services and Markets Act 2000 ("FSMA") in connection with the insurance business transfer scheme ("the Scheme") between (i) The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited ("UKB") and (ii) The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited ("UKE" and, together with UKB, the "Club").
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
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.
New European Union Measures against Iran - Council Regulation 267/2012 dated 23 March 2012 - Frequently Asked Questions - Updated on 14th August 2012.
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.
London: Extended public holiday
Our London office will be closed on both Monday 4th and Tuesday 5th June for a national holiday. Visitors to London should be aware that a number of major events in the capital for the occasion will lead to congestion on various transport routes and key landmark sites.
We are looking forward to seeing you at our Posidonia Open Day on the 7th June. Our open day commences at 12:00 with an Orthodox blessing of our newly refurbished office and runs on throughout the afternoon. Feel free to drop in at any time during the day and you will be assured of a warm welcome from our local office staff, Board Directors and other Thomas Miller staff who will be on hand.
Updated FAQs have been issued by the International Group following discussions with the UK Treasury.
The attached FAQs issued by the International Group of P&I Clubs address the the legal Status of EU Council Regulation 267/2012; the effect of the "grace periods"; and the impact on the cover provided by clubs.
Iran Sanctions: EU sanctions against Iran - Council Decision 1012/35 - IG FAQs 8 February 2012
The International Group's Sanctions Working group has developed an initial series of FAQs in relation to the recently announced EU additional measures against Iran contained in the Council Decision of 23 January 2012.