It is the Managers’ overriding objective to ensure the continued financial integrity of the Club. An essential part of that objective is the timely payment of calls.
One of the particular features of the Club is the diversity of its membership with some 7,000 Members around the world operating over 23,000 vessels. This dispersal of risk also enhances the stability and security of the Club. The vast majority of Members pay their calls on time in accordance with the requirements of the debit note. A few do not and it is to them, and their brokers, that this circular is particularly addressed.