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.
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.
This circular confirms approval by the International Group of an updated version of the Secro Customer and User Agreement dated 16th March 2023 as well as use of the Secro Customer e-billls of lading in conjunction with the said User Agreement
Effective December 4, 2022, the UK Government enacted General Licence INT/2022/2469656 (GL) to enforce EU/G7 price limits on crude oil of Russian origin.
On 24 February 2023, the one year anniversary of Russia's invasion of Ukraine, the US Department of State and the US Department of Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on numerous additional individuals, entities and vessels that the US has determined are engaged in sanctions evasions.
Special War Risks P&I Excess Cover, And Bio-Chem Cover, And Us Terrorism Risk Insurance Act Of 2002, As Amended By The Terrorism Risk Insurance Program Reauthorization Act Of 2019
Due to the impact of losses from the Russian/Ukrainian situation affecting the availability of global insurance and reinsurance capacity, the Club's reinsurers are no longer able to secure reinsurance for war risk exposure to Russian, Ukrainian or Belarus territorial risks.
