825 - 05/12 - Customs Fines - Senegal
17/05/2012
International Group guidelines on VRPs
17/05/2012
Vessel response plans in respect of potential pollution and the contracting of oil spill response organisations are now required in many jurisdictions. The announcement earlier this week the waiver on compliance with vessel response planning requirements of the Oil Pollution Act 1990 in Alaskan waters was terminated, highlighted the need to check OSRO contracts for compliance with International Group guidelines.
The Managers have been made aware that legislation has been passed in Indonesia which purports to place a ban on the expert of minerals from Indonesian ports, unless the shipper has been granted a specific export permit. The cargoes which may be affected include nickel ore, bauxite and iron ore. Reports suggest that ships which are scheduled to load or are in the process of loading ore cargoes may be subject to delays where the exporters of the cargo do not possess the relevant permit.
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
Good result in difficult times
10/05/2012
This year we report another operating surplus and a further increase in the Club's free reserves and hybrid capital to $486 million. This level of capital, puts our Club's financial strength at the top level of its peer group in the P&I sector. This result is particularly pleasing as it comes in a year which has seen results elsewhere in the market adversely affected by an increase in claims and volatile investment returns. Overall the Club produced a surplus of $11 million. The main driver behind this positive outcome was the continuing improvement in the claims reserves on the more recent policy years and the early indications that 2011 will be a low claims year.
Review of the Year 2012
10/05/2012
Good result in difficult times:
Iran Sanctions: US sanctions on Iran & Syria - US Executive Order of 1 May 2012- Update 25 May 2012
03/05/2012
An executive order by the President of the United States was issued on the 1st May extending further the impact of US sanctions against Iran and Syria
An executive order "Prohibiting Certain Transactions with and Suspending Entry into the United States of Foreign Sanctions Evaders with Respect to Iran and Syria" ("FSE E.O.") by the President of the United States was issued on the 1st May extending further the impact of US sanctions against Iran and Syria. This order strengthens the US Treasury's ability to tackle foreign individuals and entities determined to have violated US sanctions on Syria or Iran.
Antigua - MLC 2006 compliance resources
29/04/2012
Regulations and advisories in relation to Antigua's ratification of MLC 2006 and implementation through its national maritime legislation.
Regulations and advisories on United Kingdom's ratification of MLC 2006 and its implementation through national maritime legislation.
The new limits that apply under the LLMC 96 are expected to enter into force 36 months from the date of adoption, on 19 April 2015, under the tacit acceptance procedure.
Updated FAQs have been issued by the International Group following discussions with the UK Treasury
The South African Maritime Safety Authority (SAMSA) has, through a recent marine notice, updated the reporting requirements that currently exist as adopted through the MARPOL convention.
Robin Travis Scholarship Application
18/04/2012
The invitation to apply for the 2012 Robin Travis Scholarship can be found here.
Slips, trips and falls represent nearly one in three of the large personal injury claims submitted to the UK P&I Club. New Risk Focus publication aims to reduce the incidence of such accidents Following the launch of its Bow Tie loss prevention initiative in January 2012, the UK P&I Club is now embarking on the publication of a series of 'Risk Focus' booklets which highlight specific areas of risk. This month (April) sees the publication of 'Risk Focus: Slips, trips and falls'.
Risk Focus: Slips, trips and falls
13/04/2012
Representing nearly one in three of the large personal injury claims submitted to the UK Club slips, trips & falls are easily and cheaply avoided.
The Club has become aware that several containers imported to the United States have been placed on hold at their discharge ports due to unacceptable levels of radiation. The radiation is caused by scrap metal containing Cobalt-60 which could have inadvertently been incorporated into the product during manufacturing. The containers placed on hold were booked as bath products and originated in China and India.