Welcome to Shipowners
Shipowners’ has in-depth knowledge of the risks and liabilities you face when operating your fleet, borne from almost 160 years of experience in providing Protection and Indemnity (P&I) cover, Legal Assistance and Defence cover and associated insurances.
As market leader, we insure over 33,000 small and specialist vessels across the globe. Every year, 95% of our members choose to stay with us, and our top 25 members hold an average of 24 years’ continuous entry; testament to our ability to serve Members’ best interests and respond to changing needs.
We have a wide spread of members across a range of vessel types, operating sectors and geographical areas. This diversification delivers stability, allowing us to enjoy a strong balance sheet and A-rated financial security from A. M. Best and Standard & Poor’s.
Referred to as a P&I Club, Shipowners’ is one of thirteen Clubs which make up the International Group, insuring over 90% of the world’s tonnage.
As Members will be aware, many jurisdictions both within the European Union (EU) and worldwide impose VAT or equivalent goods and services taxes (such as GST, IVA, TVA (hereinafter VAT)) on the supply of services.
The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) have released a mobile app we would like to share for Members information.
The Club is often approached for advice regarding non-customary towage and associated towing surveys – also known as towage warranty/Fitness to Tow. In this article, we define non-customary towage, requirements of Fitness to Tow assignments and outline the purpose of associated surveys.
Limits of liability for shipping incidents are increased with the adoption of amendments to 1996 Protocol to the Convention on Limitation of Liability for Maritime Claims (LLMC)
Historically, ship owners were unable to limit their liabilities and each individual country applied its own national laws in response to maritime casualties.
Some may suggest the concept of mutuality has become not as fashionable as it once was. Nonetheless, we see it as a formidable strength bringing economic stability, a communal attitude to risk sharing and loss prevention, and a true sense of partnership with the many shipowners that we insure.
We would like to notify Members of an updated ‘diversion expenses claim form’ to enable swift settlement of claims when a vessel has had to deviate to land.
Entry into force of the Nairobi International Convention on the Removal of Wrecks (NWRC) – update on issuance of Blue Cards
The Circular published on 21st January 2015 provided Members with guidance on the application process in respect of the issuance of Blue Cards for the Nairobi International Convention on the Removal of Wrecks, 2007 (“the Convention”).
We have been advised of a bulletin from the Suez Canal Authority (SCA), addressing the issue of unauthorised attempts to gain access to vessels in the Port Said Anchorage.
Members operating all ships over 400GT, including yachts, trading in designated emission control areas (ECAs), may already be aware of the emissions limits to reduce the sulphur oxide and nitrogen oxide emissions of ocean-going vessels. From 1 January 2015, all fuel oil used on board must have a sulphur content of no more than 0.10%.
Yachtowners, the specialist yacht syndicate of The Shipowners’ Club, has launched an additional service for those Owners who have purchased its Enhanced PA cover, (crew Personal Accident with medical expenses cover).
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