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
-
Giselle Villanueva: A back to basics guide to arbitration and mediation
English law allows for several different forums to resolve disputes, as an alternative to litigation in court. Given the costs and resource requirements of court proceedings in England and Wales, these Alternative Dispute Resolution (“ADR”) methods are now actively encouraged by the courts.
-
The Shipowners’ Club opens new service office in Greece
Over a number of years, the Club has been encouraged by the steady growth of its Greek business. The decision, therefore, to open a dedicated service office exemplifies the Club’s commitment to its Membership in the region.
-
Pollution fines in Turkey
This update is in response to the recent changes in Turkish environmental law and the significantly higher pollution fines that are now being imposed by the authorities. The intention of this update is to enhance Members’ awareness and provide some practical tips for reducing potential exposure to such fines.
-
OFAC Advisory to the Maritime Petroleum Shipping Community
On 4 September, the U.S. authorities took steps in the form of an Advisory to the Maritime Petroleum Shipping Community. This further demonstrates their intent to enforce the Iranian sanctions program aggressively including against non-U.S. persons.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
Sign up to our latest news alerts
Enter your contact details to receive our news and insights.
