The International Group (IG) finalizes Pooling and GXL Reinsurance contract structure for 2023/24 Policy Year, outlining the renewal rates for shipowners.
The International Group is aware of an announcement by the maritime authorities in Turkey concerning proposed changes in requirements for laden oil tankers to evidence P&I cover while in Turkish waters.
At their November meetings in Dubai and Rotterdam, the Boards reviewed the financial position of the Club, including the performance of the open and closed policy years, and have set a general increase of 10 per cent on all mutual premium rates for the 2023 renewal. The decisions have been agreed by the Club and its subsidiaries, including UKNV which underwrites all EEA risks.
The UK Club is a founding member of Together in Safety, which has a core objective to protect seafarers’ lives while delivering improved business efficiency and commercial effectiveness.
On 20-22 April 2022 Sea Japan made a welcome return and we were delighted to participate for the very first time and show our support to one of the biggest maritime tradeshows in Japan.
The UK Club’s Correspondents, Oasis P&I, provide an update on the revised ship routing and reporting systems at Xiamen Port which will come into effect on 1 March 2022.
Piracy is a big problem in the Gulf of Guinea but local laws and enforcement practices make it difficult for vessels to call at ports in the region with foreign armed guards onboard, and some countries prohibit local armed guards from boarding foreign commercial vessels.
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.
Over the last eighteen months, we have witnessed the most dramatic change to working and economic conditions in our lifetime. However, the Club and the shipping industry have shown considerable resilience under these difficult circumstances.
Iron Ore Fines Cargoes exported from Sierra Leone have been identified as an area of increasing concern due to a lack of regulatory oversight at loading ports and the potential for excessive wetting and thereby liquefaction and instability.
