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News and Commentary

 

The guidance and advice from the club helps members operate as safely as possible, stay ahead of changing regulations and mitigate operating risks. Our team of experienced lawyers and technical experts specialise in particular ship types or geographical regions so they can provide tailored and relevant advice and guidance. These teams contribute to the wealth of best practice knowledge, news and opinion available to members

News items in 2019

Date Title

7 Sep 2019

Press Article: FSRUs – a risk worth taking

James Addison, Senior Claim Executive within the Offshore Division, discusses floating storage regasification units as an emerging risk, what they are, what they offer and the available cover for them.

4 Sep 2019

Press article: Matching model theory to the realities of the market

Insurers need to better understand how the outputs from risk models interact with the day to day dynamics of the market

2 Sep 2019

News: Dengue Fever Epidemic in Philippines

Members are advised that the Philippines declared a national dengue virus epidemic in early August after reporting a significant increase in dengue cases from 2018.

2 Sep 2019

News: Club update on piracy and armed robbery in West Africa

The club has noticed a worrying trend of an increase in acts of piracy and armed robbery occurring in West Africa, in particular in the Gulf of Guinea

29 Aug 2019

Article: Making maritime dispute resolution more efficient: what the Singapore Convention may mean for the shipping community

Litigating maritime claims can cost P&I clubs, and vessel and cargo interests, millions of dollars in legal costs per year. It takes time and resources to achieve the desired result or not, and at the forefront of The Standard Club’s claims handling philosophy is reducing costs for its members. With this in mind, are there alternatives to potentially costly litigation?

21 Aug 2019

News: Ballast water log requirements on United States West Coast

Members are advised that environmental inspectors on the United States West Coast have recently issued notices of violations to ships that lacked proper ballast water handling logs.

20 Aug 2019

News: Ukraine abolishes the Ecological Inspection service

Our correspondent Dias Marine Consulting reports that the Ukraine Cabinet of Ministers has abolished the Ecological Inspection Service.

20 Aug 2019

News: OPA 90 Limits of Liability Increased by USCG

On 13 August 2019, the United States Coast Guard issued a final rule in the Federal Register to provide for consumer price index adjustments of the Oil Pollution Act of 1990 (OPA 90) limits of liability. The coast guard is required by statute to adjust the limits of OPA 90 not less than every three years to account for increases in the consumer price index (CPI). The intent of the adjustments is to prevent the statutory limits of liability from depreciating due to inflation.

14 Aug 2019

Press Article: Can you prepare for a mega box ship casualty?

The increase in the size of vessels has made loss-prevention and disaster management planning more important than ever for shipowners, and their insurers. Insurance Day explores the issues, inspired by the club's Mega Box Ship bulletin.

14 Aug 2019

Press Article: Viewpoint: Managing the broad scope of war risk

War risks can range across several different covers and both shipowners and underwriters need to ensure they are not unwittingly exposed.

14 Aug 2019

Press Article: Wreck removal and the challenges of CTLs

Rebecca Hamra, Claims Director, reports on the troubles encountered with recycling a ship that is a constructive total loss to Maritime Risk International.

9 Aug 2019

Web Alert: Wind down period ends on US sanctions against Iran’s metal industries

On 8 May 2019 President Trump issued Executive Order (EO) 13871 which imposed broad sanctions on Iran’s iron, steel, aluminium and copper sectors, as they are the regime’s largest non-petroleum-based source of export revenue. It also imposed sanctions against those who engaged in transactions which supported these sectors.

8 Aug 2019

Web Alert: 46 countries signed Singapore convention on mediation

On 7 August 2019, a new United Nations (UN) treaty, the UN Convention on International Settlement Agreements Resulting from Mediation (the Singapore Convention on Mediation) was open for signature at a ceremony at the Shangri-La Hotel, Singapore. Singapore became the first among 46 countries including China, India and the USA to sign the treaty which will come into force at a later date.

7 Aug 2019

Web Alert: Ecological inspections temporarily halted in the Ukraine

Our correspondent Dias Marine Consulting reports that the Ukrainian president has commissioned the Head of the Ukraine Sea Ports Authority to stop State Ecological Inspection attending vessels in Ukrainian ports pending a review of their activities.

6 Aug 2019

Web Alert: Temporary Agreement for Strait of Hormuz issued by Warlike Operations Area Committee

Further to the club’s previous web alerts, the Warlike Operations Area Committee (WOAC) has temporarily designated the Strait of Hormuz as a high-risk area from 2 August.

29 Jul 2019

Web Alert: PSC CIC by Tokyo & Paris MOU on Emergency Systems & Procedures

Members are advised that the Tokyo and Paris Memoranda of Understanding (MoU) have issued a joint press release confirming that they will be launching a Concentrated Inspection Campaign (CIC) on the Emergency Systems and Procedures.

26 Jul 2019

Web Alert: Compliance with ISPM 15

The club has come across a few cases where the ships on a voyage from South Africa to the USA were refused entry in the port on the grounds of non-compliance of wood packaging materials with the ISPM15. The financial losses arising from such non-compliance and refusal of entry were substantial.

23 Jul 2019

Web Alert: Piraeus office reopened

Following the earthquake which took place in Athens on Friday, we are pleased to inform brokers and members that the office has been reopened and business is as usual.

23 Jul 2019

Web Alert: Assisting vessels in distress in the Mediterranean in light of recent developments

With the calmer, summer seas of the Mediterranean, conditions are more favourable for migrants to depart Libya in unseaworthy vessels with the hope of reaching Europe. Commercial vessels transiting the waters around Libya, Tunisia and Malta are likely to receive a distress call from these vessels or be requested by the Coast Guard of any of those States to assist.