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.
The Club’s financial position remains strong with free reserves of $488 million as at 20 February 2022. The Club continues to comfortably meet all its regulatory capital requirements and remains in the highest AAA band of Standard & Poor’s capital model.
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 have received the following update from local correspondents, Pandi Liquidadores, regarding new speed limitations and wash damage guidance within the Parana River area.
In their latest alert to their clients, ECM Maritime Services, LLC reports on clarification received from the EPA relating to the requisite frequency of sampling and analysis of treated ballast water discharges from USCG type approved Ballast Water Treatment Systems (BWTS) and Alternate Management systems (AMS)* onboard vessels subject to VGP requirements
Court of Appeal: cargo owners and shippers are liable to contribute to general average even if insured, unless bill of lading explicitly states otherwise.
The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, has appointed Colin Legget as a risk assessor in its London office
The UK Club’s local correspondents, Huatai Insurance Agency & Consultant Service Ltd, have issued a circular on the announcement of the Ministry of Transport, the Ministry of Foreign Affairs and the General Customs on Effectively Implementing Remote Prevention and Control Measures of the COVID-19 for Vessels Engaged in International Voyages.
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.
