The International Group recommends that the 2011 Inter-Club Agreement should be applied to all NYPE/Asbatime charterparties. The Group has therefore drafted a charterparty clause to promote the application and incorporation of the 2011 Agreement into all NYPE/Asbatime charterparties.
Huatai Circular PNI 1604
18/03/2016
Members are referred to our Circular 3/16 concerning Iran sanctions.This Circular is intended to update members on the latest developments in relation to the interim and longer-term solutions to the reinsurance recovery shortfall risk under the Group General Excess Loss reinsurance programme and Hydra retrocession programme.
Circular 3/16:Iran trading - P&I cover
19/02/2016
Members are referred to
Circular 1/16: 2016 POLICY YEAR
05/02/2016
For the 2016 policy year, the Club retention will increase to $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.
At their meeting on 1st February 2016, 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 2016 policy year in accordance with the terms of the attached Directors'Resolution of 1st February 2016.
At the Special General Meeting held on 16th January 2016 in Bermuda, the proposed amendments to the Rules of The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited (UK Europe) and of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited (UK Bermuda) were approved.
MSRC will no longer provide "CASP" & On Water Response Coverage for vessels calling at Port of Hueneme, California or southbound transiting of Santa Barbara Channel.
Circular 15/15: THE UK INSURANCE ACT 2015
19/11/2015
The UK Insurance Act 2015 (the "new Act") will come into force on 12 August 2016 (during the 2016/17 Policy Year).
At its meeting on 26th October 2015, the Board reviewed the financial position of the Club, the performance
Circular 14/15: General Meeting Reports
26/10/2015
At the Annual General Meeting held in Hong Kong on Monday 26th October 2015, the proposed resolutions
Circular 11/15 Annual General Meeting
09/10/2015
This circular provides details of the AGM of the Association which will take place in Hong Kong at 9am on 26th October 2015 and the arrangements for voting by proxy.
Circular 10/15: Safe Carriage of Nickel Ore
27/07/2015
Advance notice to the Managers of intention to load nickel ore cargoes from ports in Indonesia or the Philippines
New Alternative Planning Criteria (APC) service is available for non-tank vessels transiting Western Alaska waters
Huatai Circular PNI
03/06/2015
China's revised marine pollution regulation abolishes SPRO approval process, but SPROs are still required to comply with all legal requirements.