Archive for the ‘P and I Clubs’ Category

Closure of the 2010 Policy Year without Additional Call

Closure of the 2010 Policy Year without Additional Call
At their meeting in Luxembourg on 17th July 2013 the Board considered the open policy years and in particular the  2010 policy year, which is now three years old. The 2010 policy year continues to carry a surplus and the Board agreed to close the policy year without additional  call. Furthermore, the...
July 23rd, 2013 | P and I Clubs | Read More

Ratings boost for the American Club

Ratings boost for the American Club
Joe Hughes Ratings boost for the American Club Under Standard & Poor’s Ratings Services’ latest review, published July 18, the American P&I Club’s financial strength rating has been raised a full notch from BB+ to BBB-, an investment grade, with a stable outlook. This action follows a...
July 22nd, 2013 | P and I Clubs | Read More

American Club report progress in 2012 despite challenging business climate

American Club report progress in 2012 despite challenging business climate
Joe Hughes Highlights from the annual meeting Effect of tonnage and premium ‘churn’ together with high International Group pool exposures balanced by superior investment returns Membership and free reserves grow and operating results strengthen in first half of 2013 2010 policy year formally...
June 21st, 2013 | P and I Clubs | Read More

Latest from the Strike Club

STRONG DEMAND FOR STRIKE CLUB’S PROTECTIVE COVERS Bill Milligan General Increases of 10% and 5% are Maintained for 2013/14 Mutual Entries The Strike Club, the market leader in the niche area of delay insurance for the marine trades, reports continuing strong demand for its mutual and fixed-premium...
November 21st, 2012 | Marine Insurance, P and I Clubs | Read More

ITIC says shipbrokers must protect commission entitlement

International Transport Intermediaries Club (ITIC) says the current global economic downturn means that shipbrokers will have to be particularly careful to ensure that their entitlement to commission is properly protected. In the latest issue of its Claims Review, ITIC cites the case of a Norwegian...
April 13th, 2012 | Chartering, Legal, P and I Clubs, Sales and Purchases | Read More

UK Club debuts innovative maritime risk management scheme in Asia at Shipping Hong Kong Week

Karl Lumbers Marine mutuals like the UK P&I Club are committed to reducing the number and size of insurance claims they receive. After all, in the P&I world, members own their respective clubs and through pool arrangements within individual clubs, they in effect pay their own claims. The...
February 25th, 2012 | P and I Clubs | Read More

STCW-F to enter into force in 2012

We would like to advise Members that the International Convention on Standards of Training, Certification and Watchkeeping for fishing vessel personnel, 1995 (STCW-F 1995) is set to enter into force on 29th September 2012, after the required 15 ratifications were reached on 29th September 2011, with...
February 17th, 2012 | Maritime Education and Training, P and I Clubs | Read More

Australia – Great Barrier Reef and Torres Strait Industry Passage Plan – Updated

  The Australian Maritime Safety Authority (AMSA) has recently published an updated Industry Passage Plan covering the mandatory coastal pilotage areas of the Great Barrier Reef and Torres Strait. Although compliance with the Industry Passage Plan is not obligatory, AMSA encourages all Masters that...
February 14th, 2012 | P and I Clubs, Safety and Security | Read More

Emergency Towing Procedures required for all ships

We would like to advise Members that as of 1st January 2012, SOLAS Regulation 11-1/3-4 of 2008 and the requirements for emergency towing were amended to apply to all vessels and require all vessels, including tankers, to be provided with an emergency towing procedure. The amendment details that all vessels...
February 13th, 2012 | P and I Clubs, Salvage, Towage, Wreck Removals | Read More

The correct use of spectacle pieces highlighted –

The correct use of spectacle pieces highlighted – released by the Shipowners’ Club THE INCIDENT: In this case a vessel was discharging a cargo of premium grade petrol from No 1 port and starboard cargo tanks. Shortly after commencing operations the high level alarm of the port side slop tank...
February 2nd, 2012 | Health and Safety, P and I Clubs | Read More

Braemar (incorporating The Salvage Association) announces new regional director for key market

Braemar (incorporating The Salvage Association) is delighted to announce the appointment of Richard Gayton to the key role of Regional Director, Americas. He will take responsibility for strengthening and growing Braemar’s surveyor presence in this important region and for engaging more directly with...
February 1st, 2012 | Marine Equipment Products and Services, P and I Clubs, Salvage, Towage, Wreck Removals, Technical | Read More

American Club’s new Principal Surveyor

John Poulson Rejoins Management Team John Poulson Well-known surveyor John Poulson, a highly-experienced former mariner, is rejoining the American P&I Club’s management team on February 1 as vice president, principal surveyor and head of the survey and technical department. He worked with...
January 27th, 2012 | P and I Clubs | Read More

Financial climate will force insurers to review pricing, as Costa Concordia adds to loss woes

Financial climate will force insurers to review pricing, as Costa Concordia adds to loss woes
Financial climate will force insurers to review pricing, as “Costa Concordia” adds to loss woes. IUMI leader speaks of growing pressures to update business model. By James Brewer. Marine insurers need to abandon their “old fashioned” business model, regardless of any impact from the...
January 25th, 2012 | Corporate Social Responsibility, Cruise Industry, Education and Training, Insurance and Reinsurance, Marine Insurance, Maritime Accidents, News, Organisations, P and I Clubs, Pollution, Safety and Security | Read More

Ship Recycling continues to grow – the Role of the Intermediary Cash Buyer

The current amount of capesize tonnage on order for 2011 is estimated at approximately 103.2m. deadweight, and it is anticipated that in excess of 25m dwt for scrapping will have wound up on the beaches of India, Bangladesh and Pakistan by the end of this year. This is one measure of the rate of scrapping...
December 16th, 2011 | P and I Clubs, Ship Demolitions | Read More

UK Club checklist for tanker operators addresses cargo shortage claims

A new publication from the UK P&I Club “How to prevent tanker cargo shortage claims” and subtitled “The cause of claims and how to avoid them during pre-loading, loading and unloading” focuses on one of the major sources of cargo-related claims in the tanker sector. It follows on and complements...
December 15th, 2011 | P and I Clubs | Read More

Shipping risk is under-priced, says American Club management chief – Owners are mulling modest P&I premium rises due February 2012

Shipping risk is under-priced, says American Club management chief – Owners are mulling modest P&I premium rises due February 2012
James Brewer Ship owners have been warned of “inherent under-pricing” in their insurance market, writes James Brewer. For the time being, however, most of the P&I clubs are setting a 5% general increase in premium for the policy year beginning February 20 2012 (although seven of them are...
December 11th, 2011 | P and I Clubs, Story of the Week | Read More

35 years of service in Vietnam

 Hong Kong, 2 December 2011 – Vietnam’s leading mutual marine insurer, the West of England, in conjunction with VINARE, held a conference for an unprecedented gathering of 130 senior members of the country’s shipping and insurance industries to celebrate its 35th anniversary of providing services...
December 2nd, 2011 | P and I Clubs | Read More

Watchkeeper: How to avoid costly distractions

Some years ago, there was a notable incident which occurred when a supply ship Master conning his ship out of harbour in thick fog, was so distracted by two separate telephone calls which he was trying to deal with simultaneously that he failed to pick up a third, rather more vital message from the port...
November 27th, 2011 | BIMCO, Maritime Education and Training, P and I Clubs, Regulatory | Read More

Seven new Directors join UK P&I Club board (2011)

Seven new Directors join UK P&I Club board (2011)
Seven directors were elected to the Board of the UK P&I Club at its  recent AGM in Athens*. Ibrahim Güngen – Chief Executive Officer of Güngen Maritime & Trading A/Ş, Ankara, Turkey. Grahaeme Henderson – Vice President Shipping, Shell International Trading and Shipping Company...
November 7th, 2011 | News, P and I Clubs | Read More