Soundings UK Defence- May 2016
02/05/2016
Huatai Circular PNI 1604
18/03/2016
Members are referred to our Circular 3/16 concerning Iran sanctions.This Circular is intended to update members on the latest developments in relation to the interim and longer-term solutions to the reinsurance recovery shortfall risk under the Group General Excess Loss reinsurance programme and Hydra retrocession programme.
Circular 3/16:Iran trading - P&I cover
19/02/2016
Iran trading - P&I cover -
Circular 1/16: 2016 POLICY YEAR
05/02/2016
For the 2016 policy year, the Club retention will increase to $10 million.The Group Pooling retention will remain unchanged at $80 million and continues to be insured by the Group captive, Hydra, and pre-funded by a premium contribution from each club. This premium is included in the reinsurance rates.
At their meeting on 1st February 2016, the Directors reviewed the basis on which special war risks P&I cover could be made available to Members in accordance with the proviso to Rule 5E and determined that this cover should be made available to Members for the 2016 policy year in accordance with the terms of the attached Directors'Resolution of 1st February 2016.
Risk Focus: Master Pilot Exchange
26/01/2016
Solis Marine Consultants is very pleased to be working together with the UK P&I Club to highlight some of the practical aspects of the pilot/master exchange which is a critical part of any passage for the master and bridge team.
Risk Focus: Mooring
04/01/2016
MSRC will no longer provide "CASP" & On Water Response Coverage for vessels calling at Port of Hueneme, California or southbound transiting of Santa Barbara Channel.
Circular 15/15: THE UK INSURANCE ACT 2015
19/11/2015
The UK Insurance Act 2015 (the "new Act") will come into force on 12 August 2016 (during the 2016/17 Policy Year).