The purpose of the ICA is to avoid lengthy and costly litigation on matters of liability and apportionment, and instead seeks to provide a ‘rough and ready’ split of liability between the parties. The Clubs recommend to their Members that they adopt the Agreement for the purpose of apportioning liability for claims in respect of cargo which arise under, out of or in connection with all charterparties on the NYPE Form 1946 or Asbatime Form 1981, whether or not this Agreement has been incorporated into such charterparties. However, unless the ICA is specifically incorporated into the charterparty, it may not be enforceable.
While no changes are anticipated in the US enforced Emission Control Areas (ECAs) on or after 1 January, 2020, US regions outside the ECAs will need to ensure compliance with the IMO’s 2020 global 0.5% sulphur cap from 1 January, 2020.
Charterers Terms and Conditions 2020
The Charterers Terms and Conditions for the 2020 policy year are available now. The terms and conditions no longer are in the same Rule book as the owned mutual cover, and the new format should make it easier for Charterer Members and their brokers to use.
2020 Reinsurance Rates Announced
A major strength of the International Group remains its pooling arrangements and the General Excess of Loss and Collective Overspill Programme (GXL programme), which provides shipowners with un-paralleled levels of cover. All shipowners will be aware of the hardening reinsurance market and upward pressure on premiums. Despite this, the longevity and relative stability of the GXL programme has enabled the Group to achieve renewal for 2020/21 on expiring rates for shipowners. Of additional benefit, the US$2 billion excess of US$100 million placed in the commercial market has been confirmed for two years. This will help provide a degree of reinsurance pricing stability for the next two years whilst maintaining flexibility to fund claims within the Pool.
The Government of Iceland have issued a news release stating that, effective 1 January 2020, the permissible sulphur content of marine fuels used in the territorial sea and internal waters of Iceland will be lowered from 3.5% to 0.1%.
UK P&I Club wins Excellence in Safety and Training award at the Lloyd’s List Europe Awards
The UK P&I Club won the Excellence in Safety and Training award at the Lloyd’s List Europe Awards presented on Tuesday 10th December at the Hilton Hotel, Park Lane, London.
The Club Crew Health team have been alerted to a change in the requirements for vaccination and certification of Filipino crewmembers visiting certain ports. The situation was first noted by IMEC and further confirmed by UK Club approved clinics in Manila and Club Correspondents Pandiman.
On the 15th November Andrew Jones (CEO Thomas Miller Asia Pacific), and Matthew Bayman (Underwriting Director) visited Korea Line to celebrate 50 years since their first entry with the Club.
We are proud to have hosted our 33rd Annual Korea Mountain Climb on Saturday 16th November 2019. The selected mountain for this year, which was badged as the celebration mountain climb to mark the Club’s 150th Anniversary is called Aengbongsan (oriole peak), located just 5km from Seoul. At the border between Eunpyeong-gu, Seoul and Goyang, Gyeonggi-do Eungbongsan is famous for its beautiful forest and incredible views.
IMO – Preparations intensify as 1 January 2020 global cut in sulphur in ship’s fuel oil looms
As 1 January 2020 approaches, the IMO has issued a Press Briefing dated 25.11.2019 in which it reports on some of the views and indications which came out of a roundtable industry meeting which it hosted at its London Headquarters on 18 November.
The UK P&I Club, in conjunction with the TT Club and UK Defence Club, has launched a new online services platform to enhance online services and data access for Members and their brokers.