Notices to Members

This Notice informs Members of the approval by the International Group of P&I Clubs (the Group) of CargoX.

February 2020

NOTICE is hereby given that an Extraordinary General Meeting of Class 1 and Class 2 Members of the Association will be held at 14.30 hours on Tuesday, 4 February 2020 in the Hotel Le Royal, 12 Boulevard Royal, L-2449 Luxembourg for the purpose of considering and, if thought fit, passing the following SPECIAL Resolution...

From 20 February 2010 liabilities arising in respect of the carriage of cargo under such paperless trading systems were covered, provided that the system had first been approved by the Group transferable paper documentation.

In 2010 the International Group launched the P&I Qualification (P&IQ) programme as a dedicated professional qualification providing high quality, sector-specific training in all aspects of P&I insurance to Club employees.

The Board have considered the level at which premium rates should be set for Policy Year 2020.

The Board reviewed the latest Class 1 and Class 2 figures and the Club’s mid-year financial position at their meeting on 16 October 2019.

The US administration increased its sanctions programme against the Government of Venezuela, with Executive Order 13884 which blocks all property in the US of the Government of Venezuela, and prohibits US persons from engaging in any transaction with the Government of Venezuela.

On 3rd May, 2019, OFAC published a framework which sets out its views of the essential elements of an effective economic sanctions compliance programme.

From 20th February 2020 the Club’s calling mechanism will be brought into line with the rest of the International Group by merging the reinsurance rate into the mutual call.

On and after 1 January 2020, the MARPOL permitted limit for sulphur content in ships’ bunker fuel oil will be reduced.

Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platform)

Tankers Which Have Carried Heavy Fuel Oil As Cargo

3rd June 2019

May 2019