This circular provides details of the AGM of the Club that will take place in Singapore at 9:00am on 4th November 2024 and the arrangements for voting by proxy.
Members are referred back to Circular 01/23 by which the International Group approved TradeGo User Agreement (2022.12.15) (‘the User Agreement’). The User Agreement remains approved for the purposes of Club cover.
On 24 June 2024 the EU Council adopted the 14th package of sanctions against Russia, which includes its first measures targeting Russia’s liquefied natural gas (LNG) sector, further export-related restrictions, sanctioning of vessels and new anti-circumvention measures, such as a requirement for EU companies to undertake best efforts to ensure that non-EU subsidiaries in third countries comply with EU sanctions.
The UK P&I Club's Board of Directors has just concluded a productive set of meetings in New York, culminating in a full Members' Committee meeting on 13 May 2024.
This circular provides an update to the information in Circular 17/23 regarding temporary authorisation of certain transactions involving oil, gas and gold in Venezuela.
This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the BRITC eBL system, provided by BRITC ETRADE SOLUTION Co., Ltd.
This circular informs Members that the Club can now provide an economically priced Charterers’ Liability buyback for the excluded risks on a voyage by voyage basis with flexibility on available limits.
Notice of Cancellation (“Notice”) is hereby given that, with effect from Noon GMT Tuesday 20th February 2024, the following coverage changes will be implemented in respect of War Risks coverage on all non-mutual business including but not limited to Charterer's Liability Cover, Non-Poolable extended and ancillary covers to Mutual entries and Fixed Premium P&I Cover.
Limit on Special War Risks P&I cover for 2024 policy year remains US$500 million with an exclusion of cover in respect of perils in Russia, Ukraine and Belarus, together with a buy-back sub-limited to US$80 million
On December 11, 2023, five US agencies released a joint compliance note “Know Your Cargo” (“the Compliance Note”), highlighting tactics commonly deployed by malign actors in the transportation sector and best practices for the maritime and other transportation industries as well as examples of enforcement actions.
A Special General Meeting of the United Kingdom Mutual Steam Ship Assurance Association Limited will be held on 16th January 2024 in London, and Papers for the Meeting are enclosed.
The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently issued 4 general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold in Venezuela.
