2011/1 - January, 2011 - Compliance with international sanctions and other mandatory legislation
UKDC - Circular 2011/2 - Indirect taxes
01/01/2011
2011/2 Indirect taxes - the approach of the association
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Report of the AGM proceedings and resolutions adopted.
October Review 2010
20/10/2010
A detailed explanation of financial and claims performance at the mid-year point is provided by the Club in its October Review 2010. Free reserves and capital at $419 million, improving overall claims position particularly on 2009 and also 2008, 2009 policy year combined ratio of 102 per cent and S&P rating A- (Outlook: Stable)
Circular 20/10 (October 2010) Review of Open Policy Years & 2011 Policy Year General Increase
19/10/2010
General increase for the 2011 policy year set at 5 per cent plus any increase in the cost of the International Group reinsurance premium for 2011 for the mutual Members. The standard deductible will remain at $5,000 for the 2011 policy year. Detailed explanation of the financial background to the Board's decisions can be found in the "October Review 2010" which accompanies this circular
US Coast Guard published its circular NVIC No 2-10 providing guidance on implementation and enforcement of VRP Final Rule requirements. A correction and further update to Annex 4 of Club Circular 12/10 is provided below. An amendment has been made to the previously circulated Donjon Smit contract. This circular refers to Club Circular 12/10 and a similar circular is to be issued by all Group clubs.
Limit on Special War Risks P&I cover for 2009 policy year remains US$500 million. "Bio-Chem" exclusion remains and a supplementary cover for "Bio-Chem" risks in respect of crew & legal costs limited at US$30 million continues to be available. A portion of these covers is provided in accordance with the requirements of the US Terrorism Risk Insurance Act of 2002 (Act), as amended by the Terrorism Risk Insurance Program Reauthorization Act (TRIRA) of 2007.
Circular 17/10 Annex - Certificate of Cover
29/09/2010
The compulsory insurance provisions of the amended Filipino Migrant Workers Act should come into force before the end of October 2010. P&I cover does not extend to all of the compulsory insurance provisions of the Act, nor cover seafarers directly. Manning & recruitment agencies need to evidence compliance with these compulsory insurance provision before POEA issues an overseas employment certificate.
The compulsory insurance provisions of the amended Filipino Migrant Workers Act should come into force before the end of October 2010. P&I cover does not extend to all of the compulsory insurance provisions of the Act, nor cover seafarers directly. Manning & recruitment agencies need to evidence compliance with these compulsory insurance provision before POEA issues an overseas employment certificate. This circular refers to previous circular 9/10 (June 2010).
This circular provides details of the AGM of the Club in Bermuda on 26th October 2009 and the arrangements for voting by proxy.
Explore Circular 16/10 discussing electronic trading systems Bolero and ESS, approved by the International Group for cargo carriage liabilities.
THIS LETTER IS FOR INFORMATION PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS AN OFFER, PERSONAL RECOMMENDATION OR SOLICITATION TO CONCLUDE A TRANSACTION AND SHOULD NOT BE TREATED AS GIVING INVESTMENT ADVICE. THE TERMS OF ANY INVESTMENT WILL BE EXCLUSIVELY SUBJECT TO THE DETAILED PROVISIONS, INCLUDING RISK CONSIDERATIONS, CONTAINED IN THE PROSPECTUS OR OTHER ISSUER DOCUMENTATION FOR THE ISSUE OF CAPITAL SECURITIES.
2008 Policy Year
02/09/2010
This circular provides details of the AGM of the Club in Shanghai on 18th October 2010 and the arrangements for voting by proxy.
Circular 14/10 (September 2010): Regulations of the People's Republic of China on the Prevention and Control of Marine Pollution from ships.