Circular 12/12: Annual General Meeting
09/10/2012
Circular 13/12: NRC and MSRC - Addenda Concerning Use of Dispersants to Contracts for Tank Vessels
05/10/2012
US oil spill response organisations' (OSROs) standard service agreements often include an addendum that does not comply with Group guidelines. Members agreeing to such an addendum may incur liabilities that are outside Club cover. National Response Corporation (NRC) is the latest OSRO to adopt such a non-compliant addendum to its service agreements. Group guidelines on VRP service agreements and the addendum are published in Club
PLR takes effect from 31 December 2012. It applies to all ships carrying more than 12 passengers and either registered in or trading to an EU/EEA Member State. Certification of insurance for liabilities up to SDR 250,000 per passenger under the Athens Convention will be required by the PLR. The Club will be issuing non-war Blue Cards to facilitate owners' application for State certificates in advance of 31 December 2012. Group clubs do not provide primary war risks cover. Arrangements for alternative means of compliance with the PLR requirement for a war risks Blue Card are currently under discussion within the International Group. Further developments should be announced shortly.
This Circular amends Circular ref. 1/12 regarding application of 50 per cent rebate of the US tanker voyage additional premium. The 50 per cent reduction on premium rates for voyages involving loading or lightering of persistent oil cargo in the US will not be restricted to LOOP and the four designated areas described in Circular ref 1/12. The reduction will continue to be applied to other lightering areas approved by the US Coast Guard on the same basis as prior to Circular 1/12
Members must notify the Club at the earliest opportunity if they intend to load nickel ore from Indonesian or Philippine ports, and may prejudice cover if they fail to do so; This circular details the information that needs to be advised to the Club; This information is being compiled to identify those areas, ports & shippers that present particular difficulties, e.g. inaccurate cargo declarations; It remains the Members responsibility to ensure full compliance with the IMSBC Code; Mandatory notification applies only to cargoes of Nickel Ore to be loaded in Indonesia and the Philippines, and not to any other bulk cargoes
Circular 6/12: Review of Open Policy Years
10/05/2012
2009 policy year closed; Open years developing favourably; Free reserves and Hybrid Capital increased to US$486 million; Combined ratio of 97 per cent
Circular 4/12: Sanctions regimes
22/02/2012
Circular 2/12: 2012 Policy Year
31/01/2012