Both Alaska Chadux and Alaska Maritime Prevention and Response Network (Network) have amended their contracts to conform with the IG VRP Guidelines. Members who sign up with the Network and/or Alaska Chadux from 20 February 2015 therefore no longer require additional cover.
This circular is an update to circular 3/15:Oil Spill Response Contract Requirements - Uruguay
New OSRO requirements in Uruguay will be effective from 20th February 2015.
Circular 2/15: War Risks P&I Excess Cover
At their meeting on 26th January 2015, 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 2015 policy year in accordance with the terms of the attached Directors' Resolution of 26th January 2015.
Circular 1/15: 2015 Policy Year
For the 2015 policy year the Club retention will remain at $9 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.
Circular 18/14: US Pollution - California Certificates of Financial Responsibility (COFR) Requirements
Members are reminded of
Circular 16/14: Update on Entry into Force of The Nairobi International Convention on the Removal of Wrecks
The Nairobi International Convention on the Removal of Wrecks, 2007 will enter into force on the 14th April 2015. Ships of 300gt and above, registered in a State Party or leaving/entering a port in the territory of a State Party, will need insurance cover arrangements which meet the requirements of the Convention, evidenced by a certificate from a State Party.
Circular 14/14: Regulations of the People's Republic of China on the Prevention and Control of Marine Pollution from Ships
The International Group has amended the recommended spill response wording. Owners signing new spill response contracts with SPROs are advised to sign of the basis of the new wording. Members requested to agree a variation of the revised recommended wording should check with the Club before proceeding. Revised wording is attached to this circular.
This circular should be read in conjunction with Circular 15/10 regarding the International Group of P&I
Circular 12/14: Entry into Force of the Nairobi International Convention on the Removal of Wrecks
The Nairobi International Convention on the Removal of Wrecks, 2007 will enter into force on the 14th April 2015.
General Increase for the 2015 policy year is 6.5 per cent. The standard deductible will increase to $10,000.