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The latest updates from the Club
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The combined ratio for the 2025-26 financial year was 98.0%, an improvement on the prior year's 103.9%. The Club's own claims were below their expected position, and the share of Pool claims was close to the budgeted level, assisted by West's recent positive Pool performance.
Latest news
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News 08 Jul, 2026Iran Update: OFAC Revokes Iran Sanctions Waiver Issued on 17 June 2026
The temporary sanctions relief for Iranian oil and petrochemical products described in our 30 June 2026 News Item is no longer in force.
![Tony Paulson]()
Tony PaulsonHead of Asia & Corporate Director -
News 06 Jul, 2026Cuba Sanctions Update - Wind-Down Period Ends As US Designations Accelerate
As reported in our previous alert on 19 May, 2026, Executive Order (EO) 14404 (signed 1 May 2026) established for the first time a Cuba sanctions authority under which non-US persons...
![Tony Paulson]()
Tony PaulsonHead of Asia & Corporate Director -
News 03 Jul, 2026The 2010 HNS Convention: Key Provisions and What Shipowners Need to Know
The International Maritime Organization (IMO) has confirmed that the 2010 International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea (the 2010 HNS Convention) will enter into force on 29 November 2027.
![Erin Walton]()
Erin WaltonAssistant Corporate Director
Notices to Members
Sanctions news
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News 08 Jul, 2026Iran Update: OFAC Revokes Iran Sanctions Waiver Issued on 17 June 2026
The temporary sanctions relief for Iranian oil and petrochemical products described in our 30 June 2026 News Item is no longer in force.
![Tony Paulson]()
Tony PaulsonHead of Asia & Corporate Director -
News 06 Jul, 2026Cuba Sanctions Update - Wind-Down Period Ends As US Designations Accelerate
As reported in our previous alert on 19 May, 2026, Executive Order (EO) 14404 (signed 1 May 2026) established for the first time a Cuba sanctions authority under which non-US persons...
![Tony Paulson]()
Tony PaulsonHead of Asia & Corporate Director
