When bulk cargoes shift, liquefy, catch fire or explode as a consequence of poor loading procedures, the consequences can be massive.
Circular 20/12: Regulations of the People’s Republic of China on the prevention and control of Marine Pollution from Ships
OUTLINE: This circular refers to the earlier Circular 17/12 "Regulations of the People's Republic of China on the Prevention and Control of Marine Pollution from Ships"; A revised set of FAQs is attached to this circular taking account of the revised Detailed Rules although the further MSA Notice anticipated in circular 17/12 has not yet been published; If a new MSA Notice requires amendments of these attached FAQs a new set of FAQs will be issued in a future circular; The IG spill response contract issued with circular 17/12 has been revised further and is also attached to his circular.
Impact of Iran LNG sanctions
The European Union Council's decision to prohibit the transport of natural gas from Iran extends to the insurance of such transport. It is likely to have an immediate impact on Members whether or not subject to EU jurisdictions. When the decision takes effect, the Club will not provide cover to any Member in respect of carriage of natural gas originated in Iran.
EU sanctions on Iran extend to natural gas
On the 16th October an EU Council decision declared a prohibition on the transport of natural gas to Iran. The ban extends the insurance and reinsurance of such transport so will have impact on Members whether or not subject to the EU jurisdictions. When the Decision takes effect, the Club will be prohibited from providing cover to any Member in respect of carriage of natural gas originated in Iran.
New European Union Measures against Iran - Council Regulation 267/2012 dated 23 March 2012 - Frequently Asked Questions - Updated on 14th August 2012.
Circular 9/12: Oil pollution in the United States - Tanker voyage Additional Premium system 2012 policy year – Amendment to Circular 1/12
This Circular amends Circular ref. 1/12 regarding application of 50 per cent rebate of the US tanker voyage additional premium. The 50 per cent reduction on premium rates for voyages involving loading or lightering of persistent oil cargo in the US will not be restricted to LOOP and the four designated areas described in Circular ref 1/12. The reduction will continue to be applied to other lightering areas approved by the US Coast Guard on the same basis as prior to Circular 1/12
Circular 8/12: Dangers of carrying Nickel Ore from Indonesia and the Philippines – Mandatory notification requirements
Members must notify the Club at the earliest opportunity if they intend to load nickel ore from Indonesian or Philippine ports, and may prejudice cover if they fail to do so; This circular details the information that needs to be advised to the Club; This information is being compiled to identify those areas, ports & shippers that present particular difficulties, e.g. inaccurate cargo declarations; It remains the Members responsibility to ensure full compliance with the IMSBC Code; Mandatory notification applies only to cargoes of Nickel Ore to be loaded in Indonesia and the Philippines, and not to any other bulk cargoes
The Managers have been made aware that legislation has been passed in Indonesia which purports to place a ban on the expert of minerals from Indonesian ports, unless the shipper has been granted a specific export permit. The cargoes which may be affected include nickel ore, bauxite and iron ore. Reports suggest that ships which are scheduled to load or are in the process of loading ore cargoes may be subject to delays where the exporters of the cargo do not possess the relevant permit.
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.