Belgium - Time Bars
17/01/2017
Time Bars under Belgian civil law and Belgian maritime law -
China - Time Bars
17/01/2017
The General Principles of Civil Law of China provides that a general 2-year time bar is applicable for civil claims (Art. 135, The General Principles of Civil Law). The time bar starts counting from the day on which the claimant knows or ought to know that his right is infringed (Art. 137, The General Principles of Civil Law). Under no circumstance should a People's Court support a claim which has exceeded 20 years from the date when the right is infringed.
Argentina - Time Bars
16/01/2017
In Argentina all the matters concerning the navigation and trade by water are governed, mainly, by Argentinian Maritime Law (Nº 20,094). Where an issue it is not expressly contemplated therein - and it cannot be solved by analogy - the general law applies. This context entails some degree of ambiguity which affects, also, some of the time bars.
2017 Reinsurance rates announced
14/12/2016
The International Group today announced that it had concluded terms for 2017 in respect of the excess of loss reinsurance.
Circular 20/16: 2017 POLICY YEAR
13/12/2016
For the 2017 policy year, the Club retention will remain $10 million. The Group Pooling retention will remain unchanged at $80 million and continues to be insured by the Group captive, Hydra, and pre-funded by a premium contribution from each club. This premium is included in the reinsurance rates.
Members will recall that substantial increases in the liability limits set by the 1976 London Convention on Limitation of Liability for Maritime Claims (LLMC) as amended by the 1996 LLMC Protocol, were agreed by the IMO Legal Committee in 2012.
2016 Autumn Statement
21/11/2016
The Club's performance over the first six months of the year has been extremely strong. After six months of the year, total notified claims on the prudently reserved 2016 policy year are encouraging with few large claims within the Club or Pool retentions. Claims on prior policy years have also developed favourably. Full details of the Club's half year financials are available in the attached '2016 Autumn Review'.
Circular 18/16: General Meeting Reports
21/11/2016
Circular 18/16 is a Report of the AGM proceedings and resolutions adopted. New Directors elected to the Board and Proposed changes to the Club's governance structure was approved by the Members.
Bodily Injury Seminar 2016
07/10/2016
On Wednesday 5th October the New Jersey offices hosted the annual Bodily Injury Seminar. The event is now in its 12th year and attracts increasing numbers of attendees from both US and non-US based operators.
The UK P&I Club shares vital lessons from reallife shipping incidents to help avoid claims