Highlight


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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Highlight


Member Focus: Autonomous Vessels

In 2018, the Club proudly launched a dedicated autonomous vessel P&I policy, the first of its kind in the world. The Club consulted owners, operators and manufacturers of autonomous vessels to ensure they had the right cover in place so that Members can focus on their operations knowing they are appropriately covered if anything should go wrong.

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  • News, Offshore

    Back to basics guide: CGL insurance & Offshore

    Where a Member does not already have a CGL cover in place, it is not necessary for them to buy one to engage in offshore contracts. The key is establishing their liabilities under the specific contract(s) and obtaining cover which in substance, rather than title, is suitable for such risks. To assist Members grappling with these issues, this article provides a concise overview of the concept of a CGL cover, and how such policies can be compared with the covers provided by P&I Clubs.

  • Extraordinary General Meetings, News

    EGM January 2020 Minutes

    MINUTES of an Extraordinary General Meeting of The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) held on Wednesday 22 January 2019 at 11.45 hours at 16 Rue Notre-Dame, L-2240 Luxembourg.

  • Extraordinary General Meetings, News

    EGM and Meeting of the Board of Directors – Wednesday 22nd…

    EGM of the Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) and meeting of the Board of Directors of the Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) both held at 16 Rue Notre-Dame, L-2240, Luxembourg on Wednesday 22nd January 2020.

  • News

    International Group of P&I Associations – Excess War Risks…

    As part of the renewal of the International Group’s General Excess of Loss Reinsurance Contract for the policy year 2020/2021, the excess War Risks P&I cover will also be renewed for a period of 12 months, with the costs included in the total rates charged to shipowners.

  • Circulars

    Specialist Offshore Package 2020 – Enhanced

    The Club is pleased to release the updated the Enhanced – Specialist Offshore Package for 2020. In addition to the published changes to the Club’s Specialist Offshore Package for 2020, we are also pleased to release our Construction All Risks Deductible Buy Down Cover Extension.

  • Circulars

    Specialist Offshore Package 2020 – Basic

    The Club is pleased to release the updated the  Basic – Specialist Offshore Package for 2020. In addition to the published changes to the Club’s Specialist Offshore Package for 2020, we are also pleased to release our Construction All Risks Deductible Buy Down Cover Extension.

  • Circulars

    Construction All Risks Deductible Buy Down Cover Extension

    The Club is pleased to release its Construction All Risks Deductible Buy Down Cover Extension.

  • LCC, News

    Fazlina Sapuan: Increased limits of liability in Singapore effective…

    Singapore has recently implemented the 1996 Protocol to the Convention on Limitation of Liability for Maritime Claims 1976 (LLMC 1976).  As a result, with effect from 29 December 2019, Members can expect increased limits of liability for maritime claims.

  • News, Offshore

    Offshore Liability Insurance Policy 2020 – Enhanced: changes…

    The Club is pleased to inform Members of changes to the Offshore Liability Policy – Enhanced, for 2020. The changes will take effect for all policies incepting as from 20 February 2020.

  • News, Offshore

    Offshore Liability Insurance Policy 2020 – Basic: changes with…

    The Club is pleased to inform Members of changes to the Offshore Liability Policy – Basic, for 2020. The changes will take effect for all policies incepting as from 20 February 2020.

  • News, Offshore

    Syndicate Series – Meet the Offshore Team

    The Club has developed a Syndicate Series to showcase the strength and experience of our highly specialised Syndicates. In this inaugural edition we we would like to introduce our dedicated Offshore team for both the Middle East & India, and Worldwide divisions.

  • News

    U.S. sanctions imposed on Nord Stream 2 and Turkstream pipelines

    On 20 December 2019, President Trump signed the National Defence Authorisation Act 2020 (the Act) into law. The Act contains numerous sanctions related elements, including Russia-related sanctions targeting certain vessel types engaged in pipe-laying at depths of 100 feet or more below sea level for the construction of the Nord Stream 2 and Turkstream pipelines, and on companies supplying those vessels. The U.S. Office of Foreign Assets Control (OFAC) have issued guidance through FAQs which…

  • News

    ITOPF — An invaluable resource of marine pollution assistance…

    An additional benefit of being a Member to the Shipowners’ Club is that all vessels entered are automatically enrolled with the International Tanker Owners Pollution Federation (ITOPF). The cost of ITOPF membership is paid for by the Club on behalf of all Members. ITOPF is there to assist and advise in the event of a spill or threat of a spill of oil, chemicals or other substance in the marine environment.

  • News

    IMO 2020 — New BIMCO Sulphur Clauses

    The Club wishes to remind Members of its previous publications regarding the implementation of the global sulphur cap which is due to come into force on 1 January 2020. In addition to this advice, Members should also be aware of the potential amendments they could make to charterparties, in order to help minimise their exposure to contractual disputes relating to the sulphur cap.

  • Circulars, News

    IG Circular: Electronic (paperless) trading update

    This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of WAVE. Members may recall, as reported in the previous IG Circular: Electronic (Paperless) trading, that until February 2010 the Rules of all of the Group Clubs specifically excluded liabilities in respect of the carriage of cargo under all electronic, i.e. paperless, trading systems…

  • News

    Webinar – Sanctions: What to watch out for in a fast changing world – recording available

    The Shipowners’ Club hosted its first webinar on the topic of Sanctions: ‘What to watch out for in a fast changing world’.

  • Circulars, News

    IG Circular: P&IQ registration now open to all

    In 2010 the International Group launched the P&I Qualification (P&IQ) programme as a dedicated professional qualification providing high quality, sector-specific training in all aspects of P&I insurance to Club employees.

  • Bulletins, News

    REGINAVE Update – Argentina

    The Club would like to draw Members’ attention to recent changes to the navigation regulation in Argentina.

  • News

    Renewal 2020/2021

    At the 2019 half year point, the Club reported a Combined Ratio of 105.9%, with an underwriting deficit of US$ 5.7m. This represented a deficit marginally higher than budgeted, which was determined to be largely the result of the increased quantum of claims in both 2018 and 2019 when compared with 2016 and 2017.

  • Extraordinary General Meetings, News

    Notice of Extraordinary General Meeting Wednesday 22nd January 2020

    Notice is hereby given that an Extraordinary General Meeting of The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) will be held on Wednesday 22nd January 2020 at 11.45 hours at The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg), 16, Rue Notre-Dame, L-2240 Luxembourg.

  • News, Offshore

    The false economy of amending knock for knock clauses

    This article looks at why the integrity of knock for knock agreements is so important, what changes Members should look out for that can undermine the regime and why all those involved should think carefully before making such amendments.

  • News, Press releases

    New report from The Mission to Seafarers shows increased positivity…

    The latest Seafarers Happiness Index report, published today by The Mission to Seafarers, has revealed a marked improvement in happiness levels among seafarers across all sectors of the industry.

  • Inland, News

    Liability Insurance Policy for European Inland Craft 2020 (Inland…

    The Club is pleased to inform Members of changes to the Inland Policy for 2020. The changes will take effect for all policies incepting as from 20 February 2020.

  • News, Yacht

    Yacht Liability Insurance Policy 2020 – changes with…

    The Club is pleased to inform Members of changes to the Yacht Liability Insurance Policy for 2020. The changes will take effect for all policies incepting as from 20 February 2020.

  • Fishing, News

    Fishing Vessel Liability Insurance Policy 2020 – changes with…

    The Club is pleased to inform Members of changes to the Fishing Vessel Liability Insurance Policy for 2020. The changes will take effect for all policies incepting as from 20 February 2020.

  • News, Passenger

    Passenger Vessel Liability Insurance Policy 2020 – changes with…

    The Club is pleased to inform Members of changes to the Passenger Vessel Liability Insurance Policy for 2020. The changes will take effect for all policies incepting as from 20 February 2020.

  • LCC, News

    Giselle Villanueva: A back to basics guide to arbitration and…

    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.

  • News, Press releases

    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.

  • News

    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.

  • News

    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.

  • Circulars, News,  

    IG Circular: United States sanctions on the government of Venezuela…

    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.

  • Circulars

    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.

  • Circulars, News

    IG Circular: Guidance on the United States sanctions compliance…

    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.

  • Loss Prevention, News

    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.

  • Bulletins, News

    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.

  • News

    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.

  • News, Press releases

    The Shipowners’ Club announce LISW19 seminar: How to Exclude…

    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.

  • Loss Prevention, News

    AqualisBraemar Technical Services Ltd: Floating docks and their…

    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.

  • News

    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).

  • News

    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.

  • News, Press releases

    Seafarers working on cruise ships and ferries rank among the…

    The latest Seafarers Happiness Index report, published yesterday by The Mission to Seafarers, has revealed that seafarers working onboard cruise ships and ferries rank among the unhappiest in the industry.

  • LCC, News

    Contaminated bunkers — Is there an answer to the problem?

    Problems with bunkers supplied in the U.S. Gulf region, South America, Caribbean and Far East have been widely reported. Those familiar with these reports will be aware of the common problems faced, which include the blocking of fuel filters and sticking of fuel injection pumps. Furthermore, some ships have reported engine damage and failure as a result of contaminated bunkers, raising serious safety concerns.

  • News

    The Discount Rate: Has the Government gone far enough?

    The Lord Chancellor last week announced a change in the discount rate following a review under the Civil Liability Act 2018. As of 5 August 2019, the discount rate will increase from -0.75% to -0.25%.

  • News

    Reporting Guidance for vessels transiting the Arabian Gulf (AG),…

    In response to the incidents that took place in the Gulf of Oman (GOO) last week, and the seizure of the Stena Impero in particular, the Club would like to draw Members attention to the following advise published by the BIMCO Maritime Security Committee.

  • Loss Prevention, News

    Investigating the effects of bridge alarms

    As vessels and equipment on board become increasingly smarter, seafarers are required to learn additional skills for the ongoing operation and maintenance of this technology.

  • Autonomous, News

    Member Focus: Autonomous Vessels

    In 2018, the Club proudly launched a dedicated autonomous vessel P&I policy, the first of its kind in the world. The Club consulted owners, operators and manufacturers of autonomous vessels to ensure they had the right cover in place so that Members can focus on their operations knowing they are appropriately covered if anything should go wrong.

  • News

    Secure State Cyber: The importance of antivirus software and…

    The final article in our cyber risks series, produced in collaboration with Secure State Cyber, focuses on the benefits of antivirus software, the importance of contingency plans in the event of a cyber-attack and what actions Members can take to ensure good security practice on board their vessels.

  • Circulars, News

    IG Circular: The 2020 Global Sulphur Cap

    We refer Members to our previous publications on the 2008 amendments to Annex VI of the IMO’s International Convention for the Prevention of Pollution from Ships 1973 (as modified by the Protocol of 1978) (MARPOL) and which will come into force on 1 January 2020

  • Loss Prevention, News

    Secure State Cyber: Crewmembers’ responsibilities for…

    In this, the second FAQ article in the cyber risks series, Secure State Cyber highlight the responsibility of crewmembers in maintaining the security of IT systems on board, safeguarding personal devices and identifying which equipment is most vulnerable on board.

  • Loss Prevention, News

    Secure State Cyber: Cyber risks on board passenger vessels

    In collaboration with Secure State Cyber, the Club will be releasing a series of short FAQ articles identifying common cyber risks on board and what actions Members can take to ensure the security of their vessels. The first article focuses on passenger vessels and the cyber risks associated with on board Wi-Fi and passenger devices.

  • LCC, News

    Jamie Robinson: UKSTC – Hull damage recovery claims under LCC

    The most common type of Legal Costs Cover (“LCC”) claim involving port tugs occurs when they suffer damage during a tow but the total cost is below the vessel’s Hull and Machinery deductible. In these circumstances, the tug owner can rely on their LCC to make any recovery under the towage contract.

  • Circulars 

    IG circular: Electronic (paperless) trading

    Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platform). 

  • News, Press releases

    The Shipowners’ Club announces charity partnership with Mission…

    The Shipowners’ Club, the leading mutual P&I insurer in the small and specialist vessel sector, have today announced a strategic partnership agreement with International seafarer welfare charity, The Mission to Seafarers.

  • Annual General Meetings

    AGM Minutes May 2019

    Minutes of the Annual General Meeting of the Members held on Thursday 23rd May 2019, in the Le Royal Hotel, 12 Boulevard Royal, L-2449 Luxembourg.

  • News

    Iran Metals Bulletin

    President Trump has issued Executive Order 13871 (the ‘Order’) of 8 May 2019 ‘Imposing Sanctions with Respect to the Iron, Steel, Aluminum, and Copper Sectors of Iran’.

  • Circulars

    Solvency & Financial Condition Report (SFCR) 2018

    This report has been produced in respect of The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) (‘the Club’) to satisfy its public reporting requirements under the Solvency II insurance regulation regime.

  • Circulars 

    Closure of the 2016 policy year without additional call

    At their meeting in Luxembourg on the 23 May 2019 the Board considered the open policy years and in particular the 2016 policy year, which is now three years old.

  • News

    What is the Condition Survey Programme?

    Reducing Members’ exposure to claims is central to the function of the Club’s Loss Prevention department. The department is able to fulfil this mandate by proactively addressing areas of concern which are identified by the Club or within the industry.

  • News

    Passenger Liability Regulation update

    As of 31 December 2018, compliance with the Passenger Liability Regulation (PLR) became compulsory for all Class B passenger ships carrying out domestic voyages in all EU and EEA member states.

  • News

    Canada ratifies the Wreck Removal Convention

    Canada will become party to the Nairobi Convention on the Removal of Wrecks, 2007 (“the convention”) effective 30 July 2019 (by way of agreement dated 1 May, 2019).

  • LCC, News

    Robert Shearer: Update on unseaworthiness — The CMA CGM LIBRA

    The recent Admiralty Court decision of Alize 1954 v Allianz Elementar Versicherungs AG (The CMA CGM LIBRA) provides ship owners with a further warning with regards to their duties in relation to seaworthiness and further strengthens the position of cargo interests.

  • Annual General Meetings

    Notice of Annual General Meeting – 23 May 2019

    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 Hotel, 12 Boulevard Royal, L-2449 Luxembourg on Thursday 23 May 2019 at 09.00 hours.

  • Circulars

    Annual report 2018

    The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported resilient results for the year ending 31 December 2018.

  • News, Press releases

    The Shipowners’ Club reports business growth

    Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist vessel sector, has reported results for the year ended 31 December 2018.

  • News

    U.S. increases pressure on Venezuela and Petroleos de Venezuela S.A.

    Further to our circular Venezuela — U.S. sanctions imposed on PdVSA, and based on recent developments and statements by the U.S. authorities, caution should be exercised in all dealings with PdVSA.

  • Circulars

    FAQs: Maritime Labour Convention 2006 As Amended Financial Security…

    FAQs regarding the MLC Extension Clause 2006.

  • News

    Canada – New compulsory insurance scheme for passenger vessels…

    Further to the Club’s previous article on 1 February 2017, The Compulsory Insurance Scheme for Ships Carrying Passenger has now come into law with effect from 11 January 2019.

  • News

    Nicholas Kazaz: Subsea Cables – Preventing and minimising claims…

    Over the past two years, the Club has seen eight damage to property claims allegedly caused by the snagging of fishing gear on subsea cables. Although the number of claims is reasonably low, due to the nature of the property suffering damage, the quantum of such claims is invariably high, sometimes reaching into millions of dollars. To raise awareness of such incidents the Club, in collaboration with Holman Fenwick Willan (HFW), has produced the following guidance which supplements our…

  • Bulletins, News

    Methods of compliance with the 2020 Sulphur Limit

    Last year, the Club produced an infographic which provided preliminary information on the 2020 Global Sulphur Limit.  As the deadline to comply draws closer, we would like to provide further guidance, on the methods that Members may adopt to comply with the impending regulatory changes.

  • Circulars

    Infographic: Distinguishing Claims Service

    The Club recently released a series of articles which focused on the value-added service that the Club’s claims department offers to our Membership and demonstrated several areas of specialism which distinguish the Club from its competitors. To conclude the series, the Club has produced an accompanying infographic that summarises the content of these articles.

  • News

    Vessel detentions in Indonesia

    It has been brought to the Club’s attention that there have been an increased number of vessel detentions in the Eastern portion of the Singapore Strait, mainly in the waters around Bintan Island. These waters are often misconstrued as being the Outer Port Limit (OPL) of Singapore. The Club wishes to stress that these waters are in fact within the territorial waters of Indonesia.

  • Circulars

    Club Rules 2019

    The Club Rules are here to help you navigate the terms and conditions of your cover so you can be sure of what your membership to the Club entails. This year there have been a number of updates to the Rules which we would like to draw your attention to. These are listed in the front of the Rule book.

  • Circulars

    LATAM Jurisdiction Guide

    This guide provides a broad overview of common issues arising from the laws and regulations which govern shipping operations in Latin America. We hope you will find it practical and interesting.

  • News

    Jurisdictional speciality

    The Club’s global claims team is organised into regional departments which are dedicated to specific jurisdictions or vessel types. This ensures the claims team has specialist knowledge of jurisdictions which enables us to better advise Members of the strategy to adopt when facing claims in that particular jurisdiction, as well as helping to identify any claims trends of which our Members need to be aware.

  • Loss Prevention

    Entry into enclosed spaces risk assessment (Bahasa)

    Entry into enclosed spaces is a critical operation which, if not carried out diligently, can seriously jeopardise the safety of the personnel entering the enclosed space.

  • News

    Marine Legal Costs Cover Policy 2019 – changes with explanations

    The Club is pleased to inform Members of changes to the Marine Legal Costs Cover Policy for 2019. The changes will take effect for all policies incepting as from 20 February 2019.

  • News

    Embracing the future of maritime autonomy

    Since it was founded in 1855, the Club has witnessed the seemingly infinite evolution of the shipping industry from sail to steam and beyond. Today, we are observing possibly one of the most dramatic shifts in recent times, as vessels transition towards autonomy.

  • Loss Prevention

    Entry into enclosed spaces risk assessment (Thai)

    การเข้าไปยังที่อับอากาศเป็ นการดําเนินการที่สําคัญ ซงถ้าไม่ปฏิบัติอย่างเคร่งครัด ึ่ จะสามารถเป็ นอันตรายอย่าง รุนแรงต่อบุคคลที่เข้าไปยังพืนที่อับอากาศนั้น.

  • LCC, News

    James M. Turner & Marius Vitas: Constructive Total Loss and…

    Our Members will be aware of the significant Court of Appeal judgment in “The Renos” last year. The claim dealt with the question of whether SCOPIC costs could count towards a CTL calculation in a Hull and Machinery claim. Because of the way in which SCOPIC operates, it is more likely to apply in the salvage of smaller vessels, so the ruling was of particular interest to our type of membership.

  • News

    Why claims data has always been king

    The choice of insurers for P&I risks has significantly changed in recent years. 25 years ago, aside from limited liability cover that was available on the back of the H&M policy, there were very few choices outside the International Group of P&I Clubs (IG) system. Alternative facilities were established but the volatility associated with liability claims made it difficult to deliver consistent results. That same challenge remains true today and can only be overcome by a…

  • News

    OFAC Delists En+, Rusal, and EuroSibEnergo

    On January 27th 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) lifted sanctions imposed on En+ Group plc (“En+”), UC Rusal plc (“Rusal”), and JSC EuroSibEnergo (“ESE”).

  • News

    CTRL – A unique service for Members

    CTRL Marine Solutions Ltd (CTRL) is a law firm and marine consultancy which provides Members with bespoke Claims, Technical, Risk and Legal services at favourable rates and on flexible terms. CTRL is one of the first organisations of its kind to be set up by a P&I Club.

  • News

    Cyber security guidelines for vessels

    With the development of technology on board vessels it is becoming increasingly important for Members to be able to identify and respond, by way of procedures and appropriate actions, to cyber risk.

  • News

    Uniquely dedicated to yacht owners

    The Shipowners’ Club has underwritten Yachts for over 25 years and is unique in being the only Club to have a Yacht Syndicate with a dedicated Underwriting and Claims presence in both the London and Singapore offices.

  • Extraordinary General Meetings, News

    EGM January 2019 Minutes

    MINUTES of an Extraordinary General Meeting of The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) held on Tuesday 15th January 2019 at 11.45 hours at 16 Rue Notre-Dame, L-2240 Luxembourg.

  • News

    Entry into enclosed spaces risk assessment

    Entry into enclosed spaces is a critical operation which, if not carried out diligently, can seriously jeopardise the safety of the personnel entering the enclosed space.

  • News, Passenger

    Passenger Vessel Liability Insurance Policy 2019 – changes with…

    The Club is pleased to inform Members of changes to the Passenger Vessel Liability Insurance Policy for 2019. The changes will take effect for all policies incepting as from 20 February 2019.

  • Circulars, News

    IG Circular – Democratic People’s Republic of Korea –…

    This circular informs Members of the significant risk of evading the comprehensive international sanctions regime against the Democratic People’s Republic of Korea (DPRK) which the United Nations Security Council introduced in 2017.

  • News

    Leading the market in defence cover

    The Shipowners’ Club provides more vessels with FD&D cover than any other defence insurer. We refer to our FD&D cover as Legal Costs’ Cover (“LCC”) and in addition to the standard cover available in the Rules, we have developed a range of tailored legal defence policies for yachts, fishing boats and passenger vessels.

  • News, Yacht

    Yacht Legal Costs Cover Policy 2019 – changes with explanations

    The Club is pleased to inform Members of changes to the Yacht Legal Costs Cover Policy for 2019. The changes will take effect for all policies incepting as from 20 February 2019.

  • News, Yacht

    Yacht Liability Insurance Policy 2019 – changes with…

    The Club is pleased to inform Members of changes to the Yacht Liability Insurance Policy for 2019. The changes will take effect for all policies incepting as from 20 February 2019.

  • News

    What keeps the claims team busy?

    It is no secret that the Shipowners’ Club is the leading provider of insurance solutions for smaller and specialist vessels. Currently the Club has over 33,000 vessels entered worldwide.

  • Fishing, News

    Fishing Vessel Liability Insurance Policy 2019 – changes with…

    The Club is pleased to inform Members of changes to the Fishing Vessel Liability Insurance Policy for 2019. The changes will take effect for all policies incepting as from 20 February 2019.

  • Inland, News

    Liability Insurance Policy for European Inland Craft 2019 (Inland…

    The Club is pleased to inform Members of changes to the Inland Policy for 2019. The changes will take effect for all policies incepting as from 20 February 2019.

  • News

    Libya: Vessels and crew at risk if suspected of oil smuggling

    Members are urged to exercise caution when trading to Libya, due to an increased risk of vessel seizure and crew arrests. The situation is volatile.

  • Extraordinary General Meetings, News

    Notice of Extraordinary General Meeting Tuesday 15th January 2019

    Notice is hereby given that an Extraordinary General Meeting of The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg) will be held on Tuesday 15th January 2019 at 11.45 hours at The Shipowners’ Mutual Protection and Indemnity Association (Luxembourg), 16, Rue Notre-Dame, L-2240 Luxembourg, for the purpose of considering and if thought fit, passing the following as a SPECIAL RESOLUTION.

  • News

    Renewal 2019/2020

    In our Half Year Report, it was noted that the Club had delivered a Combined Ratio of 106.4%, representing an underwriting deficit of US$ 6.17 million. This represented a deficit marginally higher than budget, with claims in the year at a higher level than 2016 and 2017 and development of those years being slightly worse than anticipated.

  • Circulars, News

    IG Circular – Iranian trade after 4th November 2018

    The Iran sanctions update circular issued on 29th May 2018 outlined the potential repercussions for shipowners and insurers arising from the U.S. Administration’s decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA) Agreement signed by China, France, Germany, Russia, the United Kingdom, the United States, the European Union (EU) and Iran.

  • LCC, News

    Milly Brooks: Dealing with difficult charterers under the MYBA form

    The MYBA Charter Agreement is widely used in the luxury yacht market. The Club has recently assisted with several cases involving charterers committing multiple breaches of clause 13.

  • News

    Libya: Sanctions overview

    In 2011, following the outbreak of civil war in Libya and subsequent human rights violations, the UN and the EU imposed sanctions on Libya.