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Skuld Announces 11% Growth In 2017 P&I Renewals

Skuld today announces a positive outcome from renewals, with an 11% increase in mutual P&I gross tonnage year-on-year from 2016 to 2017, net of de-selections and lost business. Following the renewals, which were completed on 20 February, Skuld’s mutual P&I tonnage now stands at 88.5 million gross tonnes (GT). In a very competitive market, Skuld continued to grow its global offshore business and also saw growth on blue water contracts in the Nordics, Europe and Asia through the attraction of new mutual business. Ståle Hansen, Skuld president and CEO, said: ...

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The Swedish Club Improves Offering to Charterers

The Swedish Club has launched a new addition to its portfolio, Rules for Charterers’ Insurance, which has been written to recognise the specific needs of charterers and to ensure that cover can be more easily tailor made to meet their individual requirements. Rules for Charterers’ Insurance is broken into easy to read topics, enabling brokers and charterers to see at a glance the rules that apply to an individual situation. Future rule amendments can be incorporated in a logical and transparent fashion and not only is it now easier for ...

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UK P&I Club appoints EMEA Regional Director

The UK P&I Club continues to strengthen its presence in Europe, Middle East and Africa Region, with the announcement that Susanne Murphy has been appointed EMEA Regional Director. Susanne joined Thomas Miller in 1995 following a Master’s degree in Marine Law. Susanne has extensive experience in the region; she was Syndicate Manager for LS2 for a number of years and worked particularly closely with the Club’s German Members. Susanne moved into the Senior Management team of the UK Defence Club in 2009 and is Deputy Club Manager; she will continue ...

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USCG initiates civil penalty for ballast water violation

A reminder that the USCG will not hesitate to impose penalties for non-compliance with the USCG’s Final Rule, Standards for Living Organisms in Ships’ Ballast Water Discharged in U.S. Waters issued on 23 March 2012 Members are directed to the UK P&I Club’s website for information on how to comply with these regulations when trading to U.S waters. Source: UK P&I Club

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Enhanced Comprehensive Charterers and Non-Poolable Ancillary Covers for 2017

For 2017, the Club’s Comprehensive Charterers and Non-Poolable Ancillary covers have been renewed on the same terms and conditions as for 2016, but with the option to increase the overall limit of cover for each as follows: The Charterers cover has been renewed with a limit of liability, as set out in Rule 3 (B) (e), of US$ 500 million any one vessel, any one incident in the aggregate, but for those members requiring it, additional cover is available, at terms to be agreed, up to a further US$ 500 ...

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My charterer has threatened to cut my charter rate, despite the charterparty not allowing for this. What damages can I claim if I refuse their request and they walk away from the charter?

The usual ‘rule of thumb’ measure of damages for a charterer’s repudiatory breach of a charterparty is the difference between the hire that you would have earned under the charterparty and the hire that you would earn from a reasonably similar replacement fixture on an available market, for the balance of the period. So, for example, say you entered into a charterparty for a period of two years plus or minus 15 days at charterers’ option at a rate of US$ 10,000 a day, and you delivered the vessel into ...

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Brexit prompts ship insurers to look at Luxembourg, Cyprus bases

U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry sources involved say. Britain dominates the global marine insurance market and losing access to specialist Protection and Indemnity (P&I) clubs – marine insurers owned by shipping firms – could further weaken other parts of its multi-billion pound shipping services sector. Several Greek shipowners have already moved operations out of Britain anticipating changes that could remove their favourable “non-domicile” tax ...

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Renewal Results for 2017

The West of England is pleased to confirm a successful renewal and thanks the Members for their continued support during the last 12 months. This is illustrated by the number of new attachments at renewal and committed business to be entered during the 2017/18 Policy Year. In summary: an increase of 7 million entered tons of mutual business which takes current tonnage to approximately 80 million tons, a year-on-year increase of 9% combined owned, mutual and fixed chartered tonnage now at more than 110 million tons overall gross premiums marginally ...

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Gard Alert: Yemen – port situation

All major Yemeni ports, except Mokha, Ras Isa Marine Terminal and Balhaf LNG Terminal, are reported to be open and in operation despite the volatile situation along the country’s Red Sea coast. Port situation According to information received from Gard’s correspondent, Gulf Agency Co. Ltd., the port situation in Yemen as at 21 February 2017 is as follows: Working: Salif, Hodeidah, Aden, Mukalla and Ash Shihr oil terminal Closed: Mokha, Ras Isa Marine Terminal and Balhaf LNG Terminal In their recent report, our correspondent states that Hodeidah, Salif, Aden and ...

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Nickel Ore – Philippines tightens supply / Indonesia relaxes ban

The club understands that in a bid to clamp down on environmental degradation, the Philippines Department of Environment and Natural Resources (DENR) has ordered to close 23 of the country’s 41 nickel ore mines, amounting to almost 50% of the Philippines’ nickel ore production (10% of global supply). Members with ships loading nickel ore in the Philippines are recommended to ensure that the cargo to be shipped is legal and loading is not from any of the mines mentioned in the attached list. Interestingly, this comes around the same time ...

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Piracy in Asia – situation update

The piracy situation in the sea area between Sabah, Malaysia and the Southern Philippines continues to be a concern and all vessels are advised to report to the relevant authorities prior entering or passing the Sibutu Passage and Sulu-Celebes Sea. The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia Information Sharing Centre (ReCAAP ISC) recently issued its monthly report for 2017 addressing the piracy situation in Asia. According to ReCAAP, there has been a notable decline in the number of piracy and armed robbery incidents ...

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USCG ballast water violation & penalties

The United States Coast Guard (USCG) has published a news release confirming that after an investigation of ballast water discharge violations, they have initiated civil penalty proceedings against a vessel’s operator. Apparently the accused vessel discharged ballast water without the use of a Coast Guard-approved ballast water management system or other approved means, which is in violation of the National Invasive Species Act and may be subjected to a maximum penalty of US$ 38,175. Members are reminded that while the IMO’s adopted Ballast Water Management Convention will come into force ...

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UK Club Remains Resolute In Approach To Fair And Sustainable Underwriting

The UK P&I Club (“The UK Club”), announces its renewal results for 2017. · Member retention at very high levels above 99% · A year-on-year net increase of 3.5 million entered tonnes of mutual business takes mutual-owned tonnage to approximately 139 million tonnes, an increase of approximately 2.5% · Overall premium measured 20th February 2016 to 20th February 2017 remains broadly stable. Combined mutual-owned and chartered tonnage now stands at more than 239 million gross tonnes. Continuing evidence of the Club’s approach to quality risk selection is demonstrated by declining ...

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The Swedish Club delivers on a firm foundation

At the closure of the renewal season The Swedish Club is pleased to report performance in line with expectations and consistent with its strategy of balanced growth on a firm foundation. Gross tonnage is anticipated to post a 4 to 5 % increase in this policy year, which is coupled with the 8 % growth experienced in 2016. This is the second year in a row The Swedish Club will deliver a zero percent increase to its members. Lars Rhodin, Managing Director of The Swedish Club says: “We have closed ...

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UK P&I Club advises on the importance of dental hygiene in seafarers

Sophia Bullard, Crew Health Programme Director at UK P&I Club, discusses the importance of dental hygiene and advises on how it can be maintained. “Dental problems can be a major cause for concern amongst seafarers. We often see claims arising from dental problems that require urgent medical treatment and even repatriation of crew. On an individual basis these claims may not in the higher claim cost bracket, however, they often result in repatriation of crew, which has a further impact on the safe manning of the ship and other delays ...

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