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 32,000 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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Alex McCooke: Enforcement of the contractual obligations of state entities under UK law
Many of the Club’s Members contract with sovereign states or state-owned entities. In doing so they may hear reference to the concept of ‘sovereign’ or ‘state immunity’, and fear that this could affect their ability to enforce their contractual rights.
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Solvency & Financial Condition Report (SFCR) 2017
In accordance with the Solvency II regulations the Club has produced its Solvency & Financial Condition Report (SFCR) as at 31 December 2017.
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Testing and certification of lifting appliances
Lifting operations on board ships are critical in nature and have the potential to give rise to claims, owing to the failure of the lifting appliances. These can result in injury and/or fatality of the persons involved.
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Autonomous Ships & the City – recordings available
The Shipowners’ Club recently had the great pleasure of holding a day seminar on the topic of Autonomous Ships & the City. The full day event, which was held in conjunction with Maritime London, aimed to identify and examine the increasing autonomy of vessels.
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The Shipowners’ Club announces partnership with Jumar Holdings Ltd
The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist sector, is delighted to announce a new technology partnership with Jumar Holdings Limited.
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International Group circular: Iran sanctions update
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.
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AGM Minutes May 2018
Minutes of the Annual General Meeting of the Members held on Thursday 24th May 2018, in the Le Royal Hotel, 12 Boulevard Royal, L-2449 Luxembourg.
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Jane Ward: Compensation for future losses in personal injury claims – the ongoing saga of the discount rate
From 20 March 2017, the discount rate applied when calculating compensation for future losses in personal injury claims reduced from the 2.5% rate set in 2001 to -0.75%.
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U.S. withdraws from JCPOA agreement
You will be aware of the decision by President Trump, announced on 8 May, to withdraw the United States (U.S.) from its participation in the JCPOA
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U.S. modifies Russian sanctions against United Company Rusal extending time to wind down contracts
Further to our circular on 26 April 2018 concerning the designation of Rusal to the US Specially Designated Nationals List (‘SDN’) list, the US has issued two licences permitting parties until 23 October 2018 to wind down ongoing transactions with Rusal. Further detail is provided in this article, courtesy of Freehill Hogan and Mahar LLP.
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