· Despite challenges, American Club experiences stability with the 2024 P&I renewal. · 93% Member retention rate. · 2023/2024 policy year combined loss ratio tracking at 103%. · Average premium dollar per gross ton…
P and I Clubs
The American P&I Club – Circular no. 09/24 on obligations of foreign based persons to comply with US sanctions and export control laws
MARCH 14, 2024CIRCULAR NO. 09/24TO MEMBERS OF THE ASSOCIATION Dear Member: OBLIGATIONS OF FOREIGN-BASED PERSONS TO COMPLY WITH US SANCTIONS AND EXPORT CONTROL LAWS On March 6, 2024, the US…
NorthStandard partners with Orca AI to offer safety benefits of situational awareness platform as part of Get SET! suite
NorthStandard and Orca AI have entered an exclusive partnership that will see the global marine insurer encourage its members to adopt Orca AI’s market-leading automated situational awareness solution. Orca AI’s situational awareness…
Posidonia 2024 Exhibitors anticipate paradigm shift in Maritime Industry as AI gains traction
The maritime industry, often viewed as conservative and measured in its approach to technological integration, is on the cusp of a transformative era with Artificial Intelligence (AI) emerging as a…
By John Faraclas and Anny Zade This 29th Annual Dinner and Dance of the Hellenic Engineers Society of Great Britain at the Grosvenor House Hotel in London’s Park Lane, coinciding with…
Dredging operations at Nim Wan, Deep Bay27 Feb 2024, Hong KongFor approximately two months, dredging operations will be carried out.READ MORE Recognised P & I Clubs27 Feb 2024, Fujairah, United…
This course is designed for shore and ship staff who want to go deeper into the topic of incident investigation and learn how to apply different methods and tools for…
The Managers are pleased to announce the appointment of Sarah Chase as a Partner ofSteamship P&I Management LLP and a Manager of the Steamship Mutual group companies.Sarah joined Steamship Mutual…
TO ALL INSUREDS AND BROKERS Dear Colleagues: RECENT INTERNATIONAL CHAMBER OF SHIPPING (ICS) PUBLICATION ON HARASSMENT AND BULLYING AT SEA The ICS has recently released Industry Principles for Establishing Effective Measures…
We refer to our Circular dated 12 February 2024, where we issued a Notice of Cancellation in respect of certain war risks. Understanding the urgent need to offer a buy-back…
FEBRUARY 8, 2024, TO ALL INSUREDS AND BROKERS, Dear Colleagues: JOINT INDUSTRY TRANSIT ADVICE FOR THE SOUTHERN RED SEA (SRA) AND GULF OF ADEN (GOA) A joint industry working group…
When it comes to new year resolutions, reducing cargo claims must surely come top of many operators’ wish lists. To celebrate the arrival of 2024, The Swedish Club is sharing…
FEBRUARY 2, 2024 CIRCULAR NO. 05/24 TO MEMBERS OF THE ASSOCIATION Dear Member: RUSSIAN SANCTIONS UPDATE: KEY DEVELOPMENTS IN THE SANCTIONS IMPOSED AGAINST RUSSIA BY THE UK, EU AND US…
American Club – Circular no.04/24 PROGRESS REPORT FOR MEMBERS. S&P GLOBAL RATINGS ANNOUNCEMENT
FEBRUARY 1, 2024 CIRCULAR NO. 04/24 TO MEMBERS OF THE ASSOCIATION Dear Member: PROGRESS REPORT FOR MEMBERS. S&P GLOBAL RATINGS ANNOUNCEMENT. In November 2023, S&P Global Ratings (S&P) published a…
American P&I Club – Circular no. 03/24, cover for War and Terrorism risks, and cover in respect of Biological and bio-chemical etc weapons and computer viruses – 2024 Policy Year
JANUARY 29, 2024 CIRCULAR NO. 03/24 TO MEMBERS OF THE ASSOCIATION Dear Member: COVER FOR WAR AND TERRORISM RISKS, AND COVER IN RESPECT OF BIOLOGICAL AND BIO-CHEMICAL ETC. WEAPONS AND…
The Swedish Club is pleased to report that AM Best has reaffirmed the Club’s Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent). These…
JANAURY 26, 2024TO ALL INSUREDS AND BROKERS Dear Colleagues: SINGAPORE: SUBMARINE CABLE TRENCHING, ROCKSAW AND CABLE INSTALLATION ALONG EAST JOHOR STRAIT The Maritime and Port Authority of Singapore (MPA Singapore)…
Editor: Sandra Speares | Email: contactus@themaritimeadvocate.com The Maritime Advocate is free to readers and is entirely supported by advertisers and sponsors. A banner advertisement represents excellent value so please consider using…
American P&I Club, Circular no. 02/24 Electronic (Paperless) Trading – update to Secro Terms and Conditions
JANUARY 19, 2024 CIRCULAR NO. 02/24 TO MEMBERS OF THE ASSOCIATION Dear Member: ELECTRONIC (PAPERLESS) TRADING – UPDATE TO SECRO TERMS AND CONDITIONS On December 11, 2023, five US agencies…
January 17, 2024 –VIKAND, a global leader in maritime healthcare, has partnered with the UK P&I Club for a year-long trial of OneHealth by VIKAND. OneHealth is VIKAND’s comprehensive, proactive approach to…
American Club circular no. 01/24- Changes to the Rules of the Association for the 2024 Policy Year
JANUARY 16, 2024CIRCULAR NO. 01/24TO MEMBERS OF THE ASSOCIATION Dear Member: CHANGES TO THE RULES OF THE ASSOCIATION FOR THE 2024 POLICY YEAR Please note that your Board of Directors…
JANAURY 5, 2024TO ALL INSUREDS AND BROKERS Dear Colleagues: ENVIRONMENTAL POLLUTION FINES IN TURKEY: AN UPDATE Pursuant to Article 20 of the Turkish Environmental Code, Turkey’s revised Pollution Fine Tariff…
JANAURY 4, 2024GOOD CATCH UPDATE: HEAR, HEAR! ANIMATED IMAGES Conserving hearing is vital to personal wellness and made possible by exercising smart noise protection practices. Make a Good Catch by properly wearing…
P&I Insurance Renewals: Navigating the 20th February 2024 Changes – Understanding P&I Insurance in 2024
Mr Anastasios Maraslis – Founder / President of *Marasco Marine Ltd Protection and Indemnity (P&I) insurance is a cornerstone of maritime commerce, safeguarding shipowners and operators against third-party liabilities. As…
DECEMBER 22, 2023 CIRCULAR NO. 21/23 TO MEMBERS OF THE ASSOCIATION Dear Member: ELECTRONIC (PAPERLESS) TRADING – UPDATE TO SECRO TERMS AND CONDITIONS Members may recall that in May 2023…