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Financial

The Club's most recently published Report and Accounts can be viewed or downloaded from this website. The key figures are set out below.

Key Data

Year ended 20 February 2004 2005 2006 2007 2008
Gross Premium ($ million)

207.6

236.6

251.4

326.1

241.0
At 20 February  2004 2005 2006 2007 2008
Free Reserve ($ million)

145.4

134.3

132.5

204.7

173.6
Net Assets ($ million) incl. additional calls

525.3

541.6

551.9

658.8

585.4
By Policy Year 2004 2005 2006 2007 2008
Gross Tonnage (Class 1 Owners pro rata - millions)

55.9

60.0

62.7

54.0

53.8
Number of vessels (Class 1 Owners)

5,400

5,334

5,004

4,598

4,600

At the Club’s Board Meeting of 14 May 2008, the 2005 Policy Year for Class 1 and the 2003 Policy Year for Class 2 were closed. The position regarding additional call and release percentages is shown below.

Policy Year information Class 1 P&I

Policy Year 2005 and prior 2006 2007 2008
Open/Closed Closed Open Open Open
Additional Call   35% charged Aug 2007 20% charged Aug 2008 20% due Aug 2009
Release   50% 15% 15%

Policy Year information Class 2 F,D&D

Policy Year 2003 and prior 2004 2005 2006 2007 2008
Open/Closed Closed Open Open Open Open Open
Additional Call   20% charged Aug 2006 20% charged Aug 2007 20% charged Aug 2008 20% due Aug 2009 20% due Aug 2010
Release   15% 15% 15% 15% 15%
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