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Turkey - Environmental Pollution Fines - Updated for 2023
03 Jan, 2023
Pollution fines in Turkey have been subject to a regular annual increase for many years. As per the latest amendments brought into effect from 1st January 2023, there is another significant increase in...
Group Reinsurance Rates 2017/2018
14 Dec, 2016
The arrangements for the renewal of the International Group General Excess of Loss (GXL) reinsurance contract and the Hydra reinsurance programmes for 2017/18 have now been finalized. These include the...
Fixed and Floating Object Incidents whilst under Pilotage
03 Jul, 2018
Introduction
For many years the number of Fixed and Floating Object (FFO) claims notified to the Club remained fairly constant, as did the resulting claims, however, in the past couple of years, although...
Senegal - Customs Fines in Dakar - Update
03 Apr, 2014
In April 2012 the Club advised Members of the possibility of customs fines being imposed in Dakar due to discrepancies between items listed in the customs declaration submitted by the Master, and the actual...
Trinidad and Tobago – Offshore Curfew Zone
16 Sep, 2011
On 21 August 2011 the government of Trinidad and Tobago declared a state of emergency in response to drug trafficking concerns and imposed a curfew which is currently in force between 2300-0400 hours in...
Ukraine Conflict - Russian banks banned from SWIFT
04 Mar, 2022
The EU in consultation with the UK, US and Canada have requested SWIFT, the financial messaging system, to disconnect certain Russian banks from using its system, in response to Russia’s unprovoked military...
New BIMCO Force Majeure Clause for 2022
02 Feb, 2022
BIMCO have recently published their “Force Majeure Clause 2022” which is available for incorporation into shipping agreements. Force majeure events are typically both unexpected and challenging and the...