News items in 2019
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.
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.
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.
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.
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.