The UK P&I Club believes that its loss prevention efforts are paying off among mutual members owning and managing dry cargo ships.
Intercargo’s just published report Benchmarking Bulk Carriers reports that UK Club entered vessels had the lowest number of deficiencies among those inspected by Port State Control in 2012. The average score was just 1.42, a further improvement on 1.82 in 2011. The average for dry cargo ships entered with International Group P&I Clubs was 2.16 in 2012, compared with 2.67 the year before.
The UK Club topped 1000 dry cargo vessel entries last year which put it on a par with the Japan Ship Owners Mutual at just over 12 per cent of the sector by number.
The UK Club has been stressing the importance of Port State Control compliance in recent years via a series of pocket checklists majoring on PSC inspection procedures, marine fire safety, life saving appliances, marine pollution, ISM/ISPS and the Marine Labour Convention. The latter, supplemented by a smartphone app, have been issued in liaison with Lloyd’s Register. A pocket guide on the safe carriage of solid bulk cargoes was developed with Lloyd’s Register and Intercargo.http://www.ukpandi.com/
Members also benefit from the Club’s own risk assessment team who examine bulkers and other entered vessels for their overall condition—-with an eye on the requirements of Port State Control.
Karl Lumbers, Risk Management Director, Thomas Miller P&I, explained: “We are heartened by the excellent performance of our dry cargo vessels in averaging such a low number of deficiencies, both overall and in relation to other P&I Clubs. However, we are not really surprised. We put great effort into working together with our underwriters and account managers on risk reduction and quality of membership. It’s nice to see this paying off.”
UK P&I Club
The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited is generally known as the UK P&I Club. As a mutual association, the UK Club has no outside shareholders and no financial links with other organisations. Since its establishment in 1869, the Club has existed solely for the benefit of its members. Its structure as a mutual insurance association enables it to respond to the changing needs of its assureds and allows it to provide superior service, attention and coverage.
The UK P&I Club is directed by the members. Overall control lies with the directors, elected by the members from amongst themselves. The directors normally meet four times a year to formulate policy on calls, the scope of cover, finance, underwriting and claims matters, reinsurance and issues affecting the P&I world. They resolve specific claims which may not fall clearly within the cover.
Thomas Miller, the Club’s managers, is organised to respond promptly to requests for assistance and to provide informed advice and help with members’ claims. Individual support goes far beyond that normally provided by a commercial insurer.
The UK Club’s size and the scale of the managers’ operations has enabled the latter to develop specialist skills and expertise seldom seen in marine P&I.
In 350 ports around the world, on-the-spot help and local expertise is always available to members and the masters of their ships from the Club’s 460 correspondents and claims handling services and advice from the network of offices and branches in London, Piraeus, New Jersey, San Francisco, Hong Kong, Singapore, Tokyo, Beijing and Shanghai.
The Thomas Miller Group manages a number of world-leading mutual insurance organisations or “clubs, ” providing insurance for shipping, transport and professional indemnity risks; and captive insurance companies in the Isle of Man and Bermuda. Thomas Miller provides risk management consultancy services and, through its regulated specialist subsidiaries, delivers a full investment management service to mutual clubs, captives and other clients. The firm incorporated in 1999 and is owned and controlled by its 550 employees worldwide.