Our correspondents are located around the world
The Shipowners’ Club has in-depth knowledge of the risks and liabilities you face when operating your fleet, borne from over 160 years of experience in providing Protection and Indemnity (P&I) cover, Legal Costs 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 an A rating from 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.
Latest news and insight
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IG Circular: United States sanctions on the government of Venezuela and Petroleos de Venezuela, S.A. (PDVSA)
On 5th August 2019, the United States (US) administration increased its sanctions programme against the Government of Venezuela, when President Trump issued Executive Order 13884.
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Half Year Report 2019
The Shipowners’ Club, the leading P&I insurer in the smaller and specialist vessel sector, has reported financial results for the six months ended 30 June 2019.
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IG Circular: Guidance on the United States sanctions compliance programmes published by the Office of Foreign Assets Control
On 3 May, 2019, the United States Treasury Department’s Office of Foreign Assets Control (“OFAC”) published a “Framework for OFAC Compliance Commitments” (the “Compliance Framework”), which sets out OFAC’s views of the essential elements of an effective economic sanctions compliance program.
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Checklist for compliance with the 0.50% mass by mass (m/m) sulphur cap
The Club has produced a checklist to complement any operational changes that Members are planning in order to comply with the impending MARPOL convention changes.
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Stowaways in South Africa
The Club has been informed by our local correspondent, P&I Associates (Pty) Ltd, that with immediate effect no stowaways will be permitted to be landed in South Africa, unless it is a medical emergency.
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Iran Metals Bulletin – Wind down period over
Members should note that the wind down period ended on August 6 2019 and Executive Order 13871 is now in full effect. As a result, any transactions which involve any activities described in the Order are now subject to potential sanctions.
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The Shipowners’ Club announce LISW19 seminar: How to Exclude Liability for Negligence with James Leabeater QC
The Shipowners’ Club, the leading mutual P&I insurer in the small and specialist vessel sector, have announced a seminar for London International Shipping Week 2019 with James Leabeater QC of 4 Pump Court.
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AqualisBraemar Technical Services Ltd: Floating docks and their operating hazards
A floating dock (FD) is often seen as a viable option for the dry docking of smaller vessels which alleviates the necessity to utilise a fixed land-based graving dock. However it must be borne in mind that the risks involved with operating a floating dock are substantially more than those associated with a graving dock.
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Mandatory requirement for AIS in Indonesian waters
The Club would like to highlight to Members that with effect from 20 August 2019, under Regulation PM No. 7 of 2019, the Ministry of Transportation of The Republic of Indonesia has made it mandatory for vessels sailing in Indonesian waters to install and activate an Automatic Identification System (AIS).
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Escalation of Venezuelan sanctions
On August 5, 2019, the US Administration escalated its Venezuela sanctions program, with the issue of Executive Order 13884 (the Order) and accompanying FAQs.
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