We provide protection and indemnity cover with other insurances for shipowners, charterers and offshore energy operators. We are S&P ‘A’ rated and one of the premier mutual P&I insurers by tonnage and membership.
Teams of marine and technical personnel provide advice and best
practices that underpin our ability to manage risks, deliver value and sustain financial security
Through offices in major hubs and a network of correspondents we cover
the globe, responding to incidents with immediate, practical advice and ongoing support to resolve matters as positively as possible.
Standard Club is a specialist marine and energy insurer known for its diverse membership, pioneering loss prevention expertise and attractive pricing.
Further to the club’s latest update on the Panama Canal draft reduction, the Panama Canal Authority (ACP) has issued a new Advisory to Shipping (No. A-14-2016) informing that with effect from 29 April 2016, the maximum authorised transit draft will be set at 11.74m (38.5 feet) in tropical fresh water (TFW - density of 0.9954 at 29.4oC). Vessels loaded after 1 April 2016 must comply with this new draft limitation. However, vessels already loaded to the prevailing draft limitation at the time of announcing the new draft restrictions will have this restriction waived for transit, subject to safety considerations. Vessels arriving with TFW drafts over 11.74m (38.5 feet) may be allowed to transit after 29 April 2016 depending on the level in Gatun Lake at the time of transit; otherwise they may have to trim or off-load cargo. These draft restrictions are expected to be eliminated as soon as the Gatun Lake level returns to normal. Members are recommended to ensure that their vessels which are due for Panama Canal transit observe the new draft limitations till further announcements from the Panama Canal Authority (ACP).