A Special General Meeting of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited (UKB) will be held on 18th January 2018 in Bermuda.
Circular 11/17: 2018 Policy Year
Club Circular 11/17: Group reinsurance rates reduced for all vessel categories Individual Club retention to remain at $10 million The attachment point on the Group GXL reinsurance programme, will remain at US $100 Hydra has maintained its participation on the ﬁrst layer Oil pollution cover limit remains at $1 billion for the 2018 policy year MLC cover will be renewed for a further 12 months from 20 February 2018 with an increased limit of US $200 million
Circular 10/17: Brexit Update
Brexit: The UK P&I Club to set up a subsidiary in the Netherlands
Circular 8/17: General Meeting Reports
Circular 8/17: Report of the AGM proceedings and resolutions adopted / New Directors elected to the Members' Committee.
At its meeting on 30th October 2017, the Board reviewed the financial position of the Club, the performance
Circular 7/17: Annual General Meeting
This circular provides details of the AGM of the Association which will take place in Singapore at 9am on 30th October 2017 and the arrangements for voting by proxy.
Circular 5/17: BIMCO/ISCO standard spill response contracts, RESPONSECON and US RESPONSECON
Members are informed that BIMCO and ISCO (the International Spill Control Organisation), have launched two standard contracts, RESPONSECON and US RESPONSECON, for the hire of specialised spill response services and equipment.
Circular 4/17: Review of open policy years
At their meeting in May 2017, the Directors closed the 2014 policy year. The surplus was transferred to the reserves. The 2014 policy year was closed and open years developing in line with expectations.
Circular 3/17: STOPIA 2006 (as amended 2017) and TOPIA 2006 (as amended 2017) - 2017 amendments
STOPIA and TOPIA have had their 10 years' period review with participation of ship and oil cargo interests.
At their meeting on 30th January 2017, 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 2017 policy year in accordance with the terms of the attached Directors' Resolution of 30th January 2017.
Circular 1/17: International Convention for the Control and Management of Ships' Ballast Water and Sediments, 2004 and US Ballast Water Management (BWM) Regulations
The Ballast Water Management Convention 2004 will enter into force on 8 September 2017. The International Group has prepared an update and guidance on compliance with this Convention and with US BWM Regulations. Further updates and guidance will be provided as and when necessary.
China has ratified the Nairobi International Convention on the Removal of Wrecks 2007 and the Convention will enter into force in China from 11 February 2017. The Chinese MSA published a notice on the application procedure for WRC Certificates.
Proposed amendments to rules and Directors' remuneration. Please attached papers for a Special General Meeting to be held on 19th January 2017 in Bermuda.
2017 Reinsurance rates announced
The International Group today announced that it had concluded terms for 2017 in respect of the excess of loss reinsurance.
Circular 20/16: 2017 POLICY YEAR
For the 2017 policy year, the Club retention will remain $10 million. The Group Pooling retention will remain unchanged at $80 million and continues to be insured by the Group captive, Hydra, and pre-funded by a premium contribution from each club. This premium is included in the reinsurance rates.
Circular 18/16: General Meeting Reports
Circular 18/16 is a Report of the AGM proceedings and resolutions adopted. New Directors elected to the Board and Proposed changes to the Club's governance structure was approved by the Members.
Mutual Premium Discount of 3 per cent on the total mutual premium for the 2015 policy year. Standard deductible will be $12,000 per event for the 2017 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 Review 2016" which accompanies this Circular.
Circular 17/16: Annual General Meeting
This circular provides details of the AGM of the Association, which will take place in Zurich at 9am on 19th November 2016 and the arrangements for voting by proxy.