Iran Trading. Increased limit of fall-back cover

Insurance and Reinsurance, P and I Clubs, Sanctions — By on April 14, 2016 at 4:09 PM

Steamship P&I LondonLondon Circular: L.27

Further to Club Circular L.273 concerning the placement of fall-back cover by the International Group to provide cover against potential reinsurance shortfalls in relation to Iran-related claims, the Group has increased the level of fall-back cover to EUR100 million to enhance the protection available to members against possible shortfalls in cover. Please see below link to Club Circular L.274 which is now available on the Steamship Mutual website.

View London Circular

 

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