Category archives: Insurance

New report from the Swedish Club makes light work of heavy weather

Modern weather routing techniques have made facing heavy weather considerably less hazardous for the modern mariner than for his forbears. However such techniques are not a panacea and a new ...

North P&I Club directors confirm breakeven result for 2013/14

Directors of the 180 million GT, ‘A’ rated North P&I club confirm the club successfully achieved a breakeven result in the year to 20 February 2014, despite a change ...

Seacurus debates MLC abandonment insurance issues with UK Trade Minister

During a recent tour of north-east England, Lord Livingston, the UK’s Minister for Trade and Investment, visited the Gateshead headquarters of Seacurus which, in April 2013, launched CrewSEACURE, the ...

The Swedish Club makes Arctic trade safer

According to a new publication issued by the Swedish Club, operators transiting the polar regions are not always fully prepared for the unique challenges that they will face. Yet informing ...

London P&I Club reports increased free reserves

The London P&I Club’s result for the 2013/2014 financial year produced an overall surplus of $6.6m, increasing the free reserve to $160.6m.

There was an ...

ITIC highlights risk of innocent ship agents being sued

ITIC has reminded ship agents and other shipping and transport intermediaries that, in today’s highly competitive industry, they run the risk of being sued even when they are not ...

North P&I Club stresses the importance of a working language on ships

The 180 million GT North P&I Club has reminded shipowners of the importance of making sure that an appropriate working language is used on their ships and that seafarers ...

IMB warns of new charter party fraud tactics

The ICC International Maritime Bureau (IMB) has warned of new charter party fraud incidents and is advising that all counterparties be investigated before deals are carried out.

The warning comes ...

North P&I "A" rating and stable outlook confirmed by S&P folowing merger

Leading ratings agency Standard and Poor’s (S&P) has reaffirmed North P&I club’s ‘A’ credit rating and stable outlook for a tenth consecutive year following its recent ...

Hold-harmless clauses not so harmless for hydrographers and offshore consultants

ITIC has warned that the so-called ‘hold harmless’ clauses in many of the contracts entered into by its members may contain pitfalls which could prejudice their rights.

A mutual hold-harmless ...

New and existing members boost London P&I Club tonnage entry

The London P&I Club has increased its membership by almost two million gross tons over the past year. This increase reflects the entry of further tonnage with the club ...

North P&I Club reports solid year of development at the 2014 renewal

The ‘A' rated North P&I Club achieved another solid year of development ending on 20 February 2014, further consolidating the Club's position as one of the largest and ...

London Club stresses need to observe passage planning and weather information

The London P&I Club says it has seen a rise over the past twelve months in the number of deficiencies relating to Temporary and Preliminary (T&P) notices to ...

North P&I and Sunderland Marine Mutual members agree to merge

The members of North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) have voted in favour of the clubs' recent proposals to merge. A ...

London P&I Club issues renewed warning on cargo liquefaction

The London P&I Club says the lifting of an iron ore ban in India, together with the recent total loss of two ships, has put the spotlight once again ...

North P&I Club reiterates importance of controlling medical costs

The 171 million GT North P&I Club has launched a new campaign for 2014 to remind its Members of the importance of providing high quality healthcare while avoiding excessive ...

North P&I strengthens loss prevention presence in Asia Pacific

The 170 million GT North P&I club has strengthened its loss prevention presence in the Asia Pacific region this week by relocating loss prevention executive Andrew Kirkham from the ...

London P&I Club says complacency is significant factor in collisions

The London P&I Club says that a recent analysis of collision cases has highlighted the effect which complacency on the bridge of the vessel can have on the incidence ...

UK P&I Club announces general increase for 2014 policy year

The Board of the UK P&I Club (the Club) has agreed at its meeting on 28 October 2013 that the general increase for 2014 renewal will be 10 per ...

ITIC issues warning on forged documents

ITIC has warned shipping intermediaries to be on the look-out for cleverly forged documents which could result in them being held liable for substantial claims by cargo interests.

In the ...

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