The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, has announced it has joined the Maritime Anti-Corruption Network (MACN).
At the Special General Meeting held on 24th September 2020 in London, the proposed change of company name for The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited was approved by the Members.
At the Annual General Meeting held in London on Monday 9th November 2020, the proposed resolutions in the agenda were put to the Members and were adopted by the meeting.
This Circular concerns efforts by the United States to enhance the sanction provisions targeting the construction of the NS2 and TurkStream pipeline projects and those who provide vessels and services in connection with either project.
Over the past few months, we have seen different areas within the maritime industry adopting video technology to carry out functions that would have otherwise required a physical presence.
Three years ago, the UK P&I Club issued a Legal Briefing[1] on Electronic Bills of Lading (eBLs) in which we tried to de-mystify the concept of the eBL, by providing an insight into how the systems of the three eBL providers approved by the International Group of P&I Clubs (the “IG”) at the time, namely Bolero, essDOCS and e-Title™, work. We explained the legal principles relied upon by these providers to enable their eBLs to replicate the essential functions of a paper BL. We also tried to put cyber risks in context by explaining that these risks are risks associated with the general use of computers in our businesses, and are not risks specific to the use of eBLs.
The UK Club routinely advises Members on the implications of proposed carriage of cargo on deck. The Club usually advises on both the contractual aspects, i.e. risk allocation under the Bills of Lading and Charterparties, as well as from a loss prevention/ or practical perspective. Carriage of cargo on deck exposes the cargo to a variety of extra risks from the elements, such as sea-spray and wind, as well as the potential risk of being washed off or falling overboard due to bad weather conditions or inadequate lashing/stabilising. Depending on the cargo, there may also be issues with the stability of the vessel itself, for example, the carriage of wing blades on top of hatch covers.
We would like to draw Members’ attention to the attached Circular PNI1902 - Measures for Supervision and Management of Ship Ballast Water and Sediment.
Circular 7/18: PRA approve UK Club's plan to redeem hybrid bond, Club capital improved by $300 million over the last ten years, At February 2018 the Clubs Free Reserves stood at $540 million without hybrid capital
