Circular 07/22: Sanctions - The European Union’s 6th Sanctions Package - EU Regulation 833/2014– (the “Regulation”)
[AMENDED 22 JULY] On 21 July 2022 the European Union published a Maintenance and Alignment Package
Persian Gulf Security Update
Following the recent incidents where two Greek-Flagged ships were seized by Iranian forces, the Combined Maritime Force (CMF) and the EU’s Naval Force (EUNAVFOR) have issued an Industry Releasable Threat Bulletin (IRTB) on the incident.
On 8 April 2022 the EU adopted a fifth package of sanctions on Russia, comprising of several Regulations and Decisions
EU impose further sanctions on Russia
On 15 March 2022 the EU adopted a fourth package of sanctions in response to Russia's military aggression against Ukraine.
The European Union announced a significant expansion of sanctions against Russia in light the deteriorating situation in Ukraine on 25 February 2022
Members are advised from 20 February 2022 the procedure for paying claims related suppliers for claims on European Economic Area (“EEA”) risks is changing. The change applies only to risks written by UKNV.
On 14 July 2021 the European Commission adopted the EU's "Fit for 55" package which consists of a set of inter-connected proposals that will together deliver the EU's ambition of reducing its greenhouse gas ("GHG") emissions by at least 55% by 2030, compared to 1990 levels, and for the EU to become a climate neutral continent by 2050.
Members may be interested in the Danish Maritime Authority' press release dated 14 September 2020 discussing the new shipping routes recently established in Skagerrak and Kattegat
On Wednesday 19th September, the UK P&I Club hosted a seminar for Members, brokers and club correspondents at the Altes Madchen micro-brewery in Hamburg.
51st International Andros Yacht Race
The UK P&I and UK Defence participated once again in the 51st International Andros Yacht Race "Ioannis V. Goulandris" which took place on 30 August -2 September 2018.
Circular 9/18: The cost of Hybrid
The Club has completed the redemption of its $100 million hybrid bond.
Hellas Hilights- Issue 37
The January 2018 edition of Hellas Hilights is now available to download.
Ukraine sanctions - Update 14th March 2014
The Club continues to monitor the ongoing state of affairs in the Ukraine and Crimea closely. At present the situation remains in the balance pending the result of the general referendum on the future status of Crimea, to be held on the16th March 2014.
Notice of Order to Sanction Part VII Transfer by Chancery Division Companies Court - No. 5279 of 2012
that on 31 October 2012 the High Court of Justice made an Order ("the Order") under Part VII of the Financial Services and Markets Act 2000 ("FSMA") in connection with the insurance business transfer scheme ("the Scheme") between (i) The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited ("UKB") and (ii) The United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited ("UKE" and, together with UKB, the "Club").
New Passenger Liability Regulation ("PLR")
The European Union's PLR applies to all ships carrying more than 12 passengers and either registered in or trading to an EU or EEA Member State takes effect from 31 December 2012. This regulation implements the key provisions of the Athens Convention 1974 as amended by the 2002 Protocol and 2006 IMO Reservation and Guidelines. It requires certification of insurance for liabilities up to SDR 250,000 (approximately US$ 384,970) per passenger. Our