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 Board considered the open policy years 2011, 2012 and the current 2013 year and agreed to maintain a nil additional call estimate and a nil release call estimate for all open years.
The Shipowners’ Protection Limited
For on and behalf of The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg)