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Loss Prevention - MARS Reports
22 Aug, 2011
The Club is pleased to announce its sponsorship of the Nautical Institute’s Mariners’ Alerting and Reporting Scheme (MARS). The scheme is a confidential arrangement whereby maritime personnel can submit...
Cuba - Sanctions – Further Amendment of US Regulations
24 Sep, 2015
Further to our News Item of 26 January 2015, the U. S. Office of Foreign Asset Control has issued further amendments to the U. S. Cuban Asset Control Regulations. A copy of a Client Alert from the Club's...
Iran Sanctions - Further Extension of the JPOA
15 Jan, 2016
The EU has announced a short extension of the Joint Plan of Action (JPOA) previously agreed between the E3/EU+3 powers and Iran until 28 January 2016. The announcement from the EU can be found here Iran:...
Club Selects Standard & Poor's
19 Mar, 2018
The Board has taken the decision to withdraw from the AM Best interactive rating process following a review of the market practice and the costs and benefits of maintaining two interactive ratings. The...
Rusal extension
26 Sep, 2018
Further to our News Item of 25 April 2018 regarding the issuance of two OFAC licences which allow parties a wind-down period to terminate their dealings with the major Russia aluminium trader Rusal, Members...
S&P affirms West A- rating
01 Apr, 2021
Ratings agency Standard & Poor’s have released a research update on the West and affirmed the Club’s ‘A-’ rating. S&P confirmed West’s capital as being “very strong” and in excess of the ‘AAA’ benchmark...
New REACT! Loss Prevention Poster Published on Hypertension and Stroke
06 Sep, 2021
Two new posters have been added to the Club's REACT! Series of medical and first aid posters that specifically addresses the common health conditions that our claims experience shows are frequently experienced...
BIMCO - New Asian Gypsy Moth Clause for Time Charter Parties
23 Jan, 2015
The Asian Gypsy Moth is a destructive forest pest found in the Far East where there is a risk of vessels being infested with the moth’s larvae during the female moth’s flight season. A number of countries...
Venezuela Sanctions: U.S. designates tankers for carriage of Venezuelan oil
03 Jun, 2020
OFAC has announced the designation of four tankers and their related owning companies for “operating in the oil sector of the Venezuelan economy”. It is believed that these ships undertook the carriage...