Circular 9/18: The cost of Hybrid
22/08/2018
The Club has completed the redemption of its $100 million hybrid bond.
The International Group has engaged extensively with the (OFAC) in the U.S. and its European counterparts to explain some of the practical effects arising from the reactivation of U.S. secondary sanctions
This circular provides general guidance to Members on the EU General Data Protection Regulation as relevant to the UK Club and its Members
Circular 5/18: Review of Open Policy Years
29/05/2018
Circular 4/18: Iran Sanctions
26/05/2018
The decision by President Trump announced on 8th May, 2018 to cease the US participation in the JCPOA and to begin re-imposing US nuclear-related sanctions which were lifted to implement the JCPOA, is likely to have significant ramifications for maritime trade with Iran and the insurance of such trade.
This circular provides general guidance to Members on the EU General Data Protection Regulation as relevant to the UK Club and its Members
Circular concerning the implementation of financial certification requirements in accordance with the amendments to the Maritime Labour Convention 2006 ("MLC").
Limit on Special War Risks P&I cover for 2018 policy year remains US$500 million. Bio-Chem" exclusion remains, and a supplementary cover for "Bio-Chem" risks in respect of crew and 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 (TRIPRA) of 2015
Into force from 1
A Special General Meeting of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited (UKB) will be held on 18th January 2018 in Bermuda.
Circular 8/17: General Meeting Reports
30/10/2017
Circular 8/17: Report of the AGM proceedings and resolutions adopted / New Directors elected to the Members' Committee.
REVIEW OF OPEN POLICY YEARS AND 2018 POLICY YEAR GENERAL INCREASE
Circular 7/17: Annual General Meeting
11/10/2017
This circular provides details of the AGM of the Association which will take place in Singapore at 9am on 30th October 2017 and the arrangements for voting by proxy.
International Convention for the Control and Management of Ships' Ballast Water and Sediments, 2004 and US Ballast Water Management (BWM) Regulations
Circular 5/17: BIMCO/ISCO standard spill response contracts, RESPONSECON and US RESPONSECON
11/07/2017
Members are informed that BIMCO and ISCO (the International Spill Control Organisation), have launched two standard contracts, RESPONSECON and US RESPONSECON, for the hire of specialised spill response services and equipment.
Circular 4/17: Review of open policy years
12/05/2017
At their meeting in May 2017, the Directors closed the 2014 policy year. The surplus was transferred to the reserves. The 2014 policy year was closed and open years developing in line with expectations.
Circular 3/17: STOPIA 2006 (as amended 2017) and TOPIA 2006 (as amended 2017) - 2017 amendments
17/02/2017
STOPIA and TOPIA have had their 10 years' period review with participation of ship and oil cargo interests.
At their meeting on 30th January 2017, 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 2017 policy year in accordance with the terms of the attached Directors' Resolution of 30th January 2017.