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The latest updates from the Club

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West upgraded to A- rating with Standard and Poor’s

West P&I has been assigned a Financial Strength Rating of A- by Standard and Poor’s. The outlook assigned to the rating is stable.

Latest news

  • News 25 Aug, 2026
    The Hidden Dangers of Non-Approved Portable Electrical Equipment On Tankers

    A recent serious incident on board a tanker serves as a stark reminder of the risks associated with using non-approved portable electrical equipment. The incident resulted in a crew member sustaining severe burn injuries when portable electrical equipment, which had not been approved for shipboard use, was operated in a hazardous area.

    Emma MacCarthy
    Emma MacCarthy
    Loss Prevention Officer
  • News 25 Aug, 2026
    Iran sanctions – OFAC warning on Strait of Hormuz passage

    OFAC have issued a warning of the sanctions risks for both US and non-US persons in the payment of “tolls” or other forms of benefit to Iran in return for safe passage through the Strait of Hormuz.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director
  • News 24 Aug, 2026
    Port State Control 2026 Concentrated Inspection Campaign on Cargo Securing

    The Tokyo MoU and Paris MoU will conduct a joint Concentrated Inspection Campaign (CIC) on the cargo securing of cargo units and cargo transport units from 1 September to 30 November 2026.

    Capt. Pik Ki Yung
    Capt. Pik Ki Yung
    Loss Prevention Officer

Sanctions news

  • News 25 Aug, 2026
    Iran sanctions – OFAC warning on Strait of Hormuz passage

    OFAC have issued a warning of the sanctions risks for both US and non-US persons in the payment of “tolls” or other forms of benefit to Iran in return for safe passage through the Strait of Hormuz.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director
  • News 14 Aug, 2026
    Cuba Sanctions Update: OFAC Clarifies Humanitarian Exemption For Non-Us Persons

    Following our Cuba Sanctions Alert in May 2026, in which we outlined the significant expansion of US sanctions risk for non-US persons under Executive Order 14404 of May 1, 2026, OFAC has issued a new FAQ 1264 on August 6, 2026, providing clarification for those engaged in humanitarian trade with Cuba.

    Tony Paulson
    Tony Paulson
    Head of Asia & Corporate Director
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