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
-
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%.
-
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
-
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.
-
Automatic membership of ITOPF
The Club would like to draw Members’ attention to their automatic enrolment in the International Tanker Owners Pollution Federation (ITOPF). All tankers are enrolled as members, while non-tankers are enrolled as associate members. Should a pollution incident occur, ITOPF will provide assistance in addition to the support received from the Club.
-
U.S. strikes at Russian officials and entities, with potential impact on non-U.S persons
On 6 April 2018, a number of Russian entities and individuals were placed on the United States Specially Designated Nationals List (‘SDN List’).
-
Managing stress with relaxation techniques
In partnership with International Seafarers’ Welfare and Assistance Network (ISWAN), the Club is pleased to present the latest addition to the Good Mental Health Guides series: ‘Managing stress with relaxation techniques’.
-
The Shipowners’ Club reports a steady year
Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported positive results for the year ending 31 December 2017, despite the challenging market conditions to both the insurance and shipping sectors.
-
Notice of Annual General Meeting – 24 May 2018
NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Members of The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) will be held at Le Royal, 12 Boulevard Royal, L 2449 Luxembourg on Thursday 24th May 2018 at 09.00 hours.
-
Container operations risk assessment
The marine transportation of containers is a dynamic operation which requires close supervision from the moment the containers are taken under the Member’s care until such time when they are safely delivered to the receiver. It comes as no surprise that the nature of this trade gives rise to a considerably large volume of claims, many of which could have been easily avoided had greater oversight and diligence been exercised.
-
Case Study: Improper securing arrangement of sea strainer cover leads to vessel capsizing
Completion of tasks such as securing of the sea strainer covers should be suitably supervised by a competent person as required by company procedures and the relevant task risk assessment.
Replacement spares used on critical equipment should be as-per their original design to ensure fitness for purpose.
Sign up to our latest news alerts
Enter your contact details to receive our news and insights.
