This circular informs Members that the Club can now provide an economically priced Charterers’ Liability buyback for the excluded risks on a voyage by voyage basis with flexibility on available limits.
Rules and Terms & Conditions
15/02/2024
As part of our ongoing efforts to have a positive impact on the environment and to reduce our carbon footprint, these are available online only.
Notice of Cancellation (“Notice”) is hereby given that, with effect from Noon GMT Tuesday 20th February 2024, the following coverage changes will be implemented in respect of War Risks coverage on all non-mutual business including but not limited to Charterer's Liability Cover, Non-Poolable extended and ancillary covers to Mutual entries and Fixed Premium P&I Cover.
Circular 03/24: War Risks P&I Excess Cover
05/02/2024
Limit on Special War Risks P&I cover for 2024 policy year remains US$500 million with an exclusion of cover in respect of perils in Russia, Ukraine and Belarus, together with a buy-back sub-limited to US$80 million
This circular highlights recent key developments in the sanctions imposed against Russia by the UK, EU and US.
On December 11, 2023, five US agencies released a joint compliance note “Know Your Cargo” (“the Compliance Note”), highlighting tactics commonly deployed by malign actors in the transportation sector and best practices for the maritime and other transportation industries as well as examples of enforcement actions.
This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the eTEU eBL Platform.
A Special General Meeting of the United Kingdom Mutual Steam Ship Assurance Association Limited will be held on 16th January 2024 in London, and Papers for the Meeting are enclosed.
This notice confirms approval by the International Group of the update to Secro Terms and Conditions.
The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently issued 4 general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold in Venezuela.
This circular informs Members of the AGM proceedings and new Directors elected to the Members' Commitee.
This notice confirms approval by the International Group of the ICE Access Agreement (2023.01) ('the ICE Access Agreement').
This circular informs Members of the 2024 Renewal and Open Policy Years.
This Notice confirms approval by the IG of an updated version of the Wave Bylaws. This version is called Wave BL Network Bylaws dated November 1st 2023 (‘Wave Bylaws version 2.0’) and supersedes Wave Bylaws version 1 which remains approved for the purposes of Club cover
This circular provides details of the AGM of the Association that will take place in Tokyo at 9:00am on 6th November 2023 and the arrangement for voting by proxy.
The International Group (“IG”) Standard Form Letters of Indemnity (given in return for delivery of cargo without production of an original bill of lading and/or delivery of cargo at a port or place other than stated in the bill of lading) were last reviewed in 2010.
On 23 August 2023 OFAC issued a determination that allows sanctions to be imposed on any foreign individual or entity that operates in the jet fuel sector of the Burmese economy by expanding Executive Order 14014 (the”EO”).
This notice confirms approval by the IG of an updated version of the DSUA. This version is called DSUA 2023.1 and supersedes DSUA 2021.1, which remains approved for the purposes of Club cover.
Circular 08/23: EU Sanctions against Russia
04/07/2023
On 23 June 2023 the EU Council adopted the 11th package of economic sanctions against Russia to prevent their circumvention and further erode Russia’s revenues.
Circular 07/23: Open Policy Years
31/05/2023
This circular informs Members of the review of open policy years.