The first call date of the UK Club's hybrid capital bond falls on the 22nd August 2013. Instead of calling the UK Club's hybrid capital on that date, the UK Club is seeking consent to the amendment of some of its terms, including a revised coupon and extending the first-call date to August 2018.
The Club has produced a pamphlet entitled 'How to Comply with MARPOL Annex V', in partnership with ITOPF in response to the recent amendments to section Annex V of the International Convention for the Prevention of Pollution from Ships (MARPOL)
Member Survey Update
28/03/2013
All our Members and brokers were emailed this week inviting them to participate in the Member Survey this year. If you have not received a personal email from either Hugo Wynn-Williams or Christopher Brown inviting you to take part, please email us at
MLC 2006 deadline approaching
15/03/2013
As the 20th August 2013 deadline for Maritime Labour Convention compliance is less than six months away the Club continues to build its resources for Members. Our website section 'Maritime Labour Convention (MLC2006)' is collating the notices and advices from ratifying states on the impending effects of their national laws on shipowners and operators in this area. Circular 8/13 was added to the collection which includes an updated set of Club FAQs explaining potential developments on cover in relation to repatriation of seafarers. The Legal Briefing "Comprehensive rights and protection at work" reviews the Maritime Labour Convention (MLC) and explains the implications for Members of its adoption into national labour laws.
Important Circulars this week
07/03/2013
Significant developments in environmental and labour regulation together with a change to cargo liability cover under P&I have generated four separate, and important, circulars this week.
Documentation check
28/02/2013
All Member documentation, both Certificates of Entry and Blue Cards, was completed and issued by 20th February this year. Electronic copies will have been emailed individually to Members, but the documentation can also be quickly referenced by logging on to the Members Area of this website.
The Club is mailing a package of the International Shipping Federation's (ISF) guide publication "Guidelines on the Application of the ILO Maritime Labour Conventions (2nd edition)" and the Lloyds Register/UK Club "ILO MLC pocket checklist" free to all its members. UK Club Loss Prevention Director, Karl Lumbers, explained: "The vast majority of our members should not find it difficult to comply with MLC standards. But the system of enforcement is new and it would be frustrating for our owners to face detention due to simple teething problems with documentation or other proofs of compliance."
Alert to Members passing Egypt & Congo
01/02/2013
Two loss prevention bulletins issued this week highlight potential problems for Members whose ships may be in the vicinity of the Suez Canal or the Congolese port of Pointe Noire.
Loss Prevention Initiatives 2013
17/01/2013
The UK P&I Club Loss Prevention department publishes over forty different books, DVDs, videos, newsletters, bulletins and other electronic media. Members can already explore this diverse range of initiatives on the Club's website. However, a brochure summarising all these publications & resources was published this week under the title "
Renewal information on your iPad
11/01/2013
The UK Club has launched its "iPANDI" iPad based app to provide up to date underwriting information for individual members and their insurance brokers, even when on the move. The iPANDI app downloads underwriting data via the Club's IT systems and presents it conveniently in both graphic and table formats. The data can be viewed off line, for example on planes or away from the office.
Communications Director Nick Whitear presented the 2012 Journalist of the Year award to Lloyds List's Deputy Editor Liz McCarthy on behalf of the UK Club. Liz won the award after her three submitted articles
Merry Christmas & a happy new year
06/12/2012
May we wish all our Members and friends a Merry Christmas and a happy and prosperous 2013. As always our best wishes and thoughts are particularly with the crews who keep watch on board ships at sea through this time.
S&P upgrades UK Club outlook
22/11/2012
Standard and Poor's has upgraded the UK Club's outlook from "Stable" to "Positive." In its review, it stated: "The positive outlook reflects our expectation that the UK Club's stronger and more stable underwriting performance of 2011 and 2012 will continue through 2013-2015."
Following consideration within the International Group Reinsurance subcommittee, the Group has agreed that the individual club retention which was last increased from US$ 7 million to US$ 8 million with effect from the 2010 policy year will be increased to US$ 9 million with effect from 20 February 2013.
UK Club restructure advances on schedule
16/11/2012
Three key milestones in the progress of the UK Club restructure were achieved in the last two weeks. At our AGM of 29th October members voted unanimously in favour to make UK Club (Europe) the sole provider of direct insurance business to UK Club members. UK Club (Bermuda) will become the reinsurer of UK Europe and continue to be the holding company controlled by its members.
'No room for risk'
09/11/2012
The UK Club has released a short video to spread the message that "In this business there is no room for risk". The fifteen-minute video shot in various shipboard and office locations illustrates the Club's innovative approach to risk management, the 'BowTie' analysis of hazards and their potential consequences if uncontrolled. Scenes filmed on board ship highlight the role of the Club's risk assessors. Working in co-operation with the officers and crew they identify risk areas and corresponding controls and precautions, often cheaply and simply put in place.
At its annual board meeting on 29 October 2012, the Board of the UK P&I Club has agreed that the general increase for 2013 renewal will be 7.5 per cent. The Board has separately declared a Mutual Premium Discount of 2.5 per cent on the total mutual call for the 2011 policy year. The discount will amount to a 10 per cent deduction for all mutual members for the final instalment of the 2011 call due in December this year.
Thomas Miller chairman, Hugo Wynn-Williams presented FESCO with a panoramic picture of Vladivostok to mark the anniversary of their membership
Failures & Blackouts
04/10/2012
The UK P&I Club's latest Risk Focus bulletin highlights the issue of sudden loss of power, a problem highlighted by incidents during and after the switching to lower sulphur fuels that are now mandated in certain coastal regions. In the bulletin, the Club highlights causes of sudden loss of power and proposes mitigating procedures that ships' crew should adopt.
New Passenger Liability Regulation ("PLR")
27/09/2012
The European Union's PLR applies to all ships carrying more than 12 passengers and either registered in or trading to an EU or EEA Member State takes effect from 31 December 2012. This regulation implements the key provisions of the Athens Convention 1974 as amended by the 2002 Protocol and 2006 IMO Reservation and Guidelines. It requires certification of insurance for liabilities up to SDR 250,000 (approximately US$ 384,970) per passenger. Our