The new, harmonised EU-wide regulatory regime for Insurance Companies, known as Solvency II, came into force with effect from 1 January 2016. The regime requires new reporting and public disclosure arrangements to be put in place by insurers and some of that is required to be published on the Company's public website.
As from May 2018, it will be compulsory for vessels calling at ports in New Zealand to comply with the Craft Risk Management Standard (CRMS) for biofouling
International Group Annual Review 2016-17
12/06/2017
Explore the International Group of P&I Clubs' Annual Review for 2016-17, highlighting key activities, regulatory challenges, and solutions for shipowners' liability insurance needs
Legal Briefing: Electronic Bills of Lading
30/05/2017
We have recently seen many of our Members switching to electronic bills of lading ("eBLs") on some of their trades. The move towards a paperless trade is therefore gaining momentum. The Club is, however, still receiving many questions about eBLs and about the three eBL systems approved by the International Group of P&I Clubs, namely Bolero, essDOCS and e-titleTM. This Legal Briefing provides brief explanations on these three systems and how each of them works.
In order to help our Members manage the risk of fishing vessel collisions and to learn from these often tragic events, we have worked with experts in fisheries and aquaculture to produce a guide for Masters and their Bridge teams on how to reduce the risk of collisions with fishing vessels.
QLU Spring 2017:The risks of delivering cargo against Letters of Indemnity.
QCR Spring 2017: This case and the next serve as reminders to Members of the risks of delivering cargo against Letters of Indemnity.
QCR Spring 2017:The Court of Appeal confirms that a carrier does not need to disprove negligence on his part in order to rely on defences under Article IV Rule 2(a) - (p) of the Hague (or Hague-Visby) Rules.
Circular 4/17: Review of open policy years
12/05/2017
At their meeting in May 2017, the Directors closed the 2014 policy year. The surplus was transferred to the reserves. The 2014 policy year was closed and open years developing in line with expectations.
Ukraine - Time Bars
24/04/2017
Time Bars (TB) is the period of time allowed for filling a claim to court for the protection of civil rights or interests (art. 256 Civil Code of Ukraine).
Panama Canal Authority (ACP) issued Advisory A‐15‐2017, clarifying issues relating to requirements under ACP's fuel regulations for vessels transiting Panama Canal.
Risk Focus: Hatch Covers
10/04/2017
Are the ships' hatch covers weathertight? This seemingly simple but important question is what surveyors, whether acting on behalf of P&I clubs, shippers, charterers or courts have to answer on a regular basis.