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 34,000 small and specialist vessels across the globe.
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.
We are one of the 13 P&I Clubs which make up the International Group, collectively insuring over 90% of the world’s ocean-going tonnage.
Latest news and insight
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IG Circular -EU sanctions – clarification published on the carriage of certain Russian cargoes including coal and fertilisers
On 10 August 2022 the European Union (EU) published updated FAQs clarifying the application of provisions relating to the carriage of certain cargoes from Russia, including coal and other solid fossil fuels as well as certain types of fertilizer. As this Circular sets out, these clarifications will have a significant impact on the carriage of these commodities by EU entities and the provision of insurance for carriage to any entity regardless of their domicile.
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Stella Kounakou: The obligation to accept a reasonably satisfactory security offered following a collision
In the recent case of Pacific Pearl Co Limited v. Osios David Shipping Inc [2022] EWCA Civ 798, it was decided that when a party to ASG2 is offered security “in a form reasonably satisfactory”, it is obliged to accept it and cannot seek alternative or better security by arresting a ship.
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IG Circular: Roll Risk Estimator – MARIN
The International Group is a member of the Maritime Research Institute of the Netherlands (MARIN) Top Tier project. The project has been established to examine and assess the causes of container losses arising from at-sea incidents onboard various sizes of container ships.
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Review into the Delay in Contracting and Engagement of Salvage Services in Marine Casualties
The International Group’s Salvage Committee have launched a report which provides a review into Delays in the Contracting of Salvage services in Marine Casualties.
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UK Sanctions – New Trade Restrictions
On 21 July 2022 the UK government imposed further trade restrictions against Russia under The Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022 which amend The Russia (Sanctions) (EU Exit) Regulations 2019) (“the Regulations”). The new restrictions include a ban on the import of Russian oil and coal into the UK and the export of key industrial goods to Russia. It also expands existing restrictions in relation to the provision of energy-related goods and services to Russia.
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IG Circular: The European Union’s 6th Sanctions Package – Amended Circular
On 21 July 2022 the European Union published a Maintenance and Alignment Package. The package included amendments to Regulation (EU) No. 833/2014 which amongst other things clarified the circumstances in which the exceptions contained in Article 5 (aa) (3) may apply.
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UK adopts further Russian sanctions
The UK has introduced amendments to its Russia Regulations, which impose prohibitions and requirements in relation to trade sanctions measures.
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The UK Government announces further sanctions against Belarus and amendments to existing measures
On 5 July 2022, the UK government introduced a new tranche of economic, trade and transport sanctions on Belarus in response to Lukashenko’s support of Russia’s invasion of Ukraine. These sanctions expand on the existing measures introduced against Russia to Belarus.
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Turkey – Supplemental update to pollution fines 2022
Further to the Club’s previous circular in March 2022, there have been further updates to Pollution fines in Turkey as declared by the Ministry of Environment and Urbanisation and published in the Official Gazette no. 31867, effective from 15 June 2022.
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IG Circular: The European Union’s 6th sanctions package – EU Regulation 833/2014 – (The “Regulation”)
On the 3 June 2022 the EU published its 6th package of sanctions against Russia.
