CLUB CIRCULAR 4/08 2008 POLICY YEAR
01/09/2010
Club Circular 8/08: Hybrid Capital
01/09/2010
THIS LETTER AND THE ACCOMPANYING FREQUENTLY ASKED QUESTIONS ARE 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.
OUTLINE
Certain P&I liabilities have been excluded from normal Club cover by the Paperless Trading Endorsement since 1999. The International Group has maintained a market insurance (limited to $50 million) for Members participating in Bolero for excluded P&I liabilities. The market insurance has been extended and is now available for Members who participate in the Electronic Shipping Solutions paperless system.
Circular on Iranian sanctions wef 1 July and CISADA legislation
More jurisdictions require maintaining vessel response plans
Circular 7/10 (April 2010)
29/04/2010
REGULATIONS OF THE PEOPLE'S REPUBLIC OF CHINA ON THE PREVENTION AND CONTROL OF MARINE POLLUTION FROM SHIPS
Gas carrier ships are not required to carry Blue Cards in compliance with the 1992 International Convention on Civil Liability for Oil Pollution Damage (CLC). International Group clubs have discontinued issuing Blue Cards for gas carriers, both LNG & LPG, with immediate effect. Exceptionally, some older LPG vessels which were constructed or adapted to carry persistent oil in bulk as cargo remain entitled to obtain Blue Cards.
Circular 5/10 (February 2010)
12/02/2010