Feb 17

STOPIA 2006 (AS AMENDED 2017) AND TOPIA 2006 (AS AMENDED 2017) – 2017 AMENDMENTS

Posted by atlantic brokers

OUTLINE • STOPIA and TOPIA have had their 10 years’ period review with participation of ship and oil cargo interests. • The IG, in conjunction with ICS and Intertanko, has decided not to adjust the financial burden under the two Agreements on this occasion. • Two changes have been agreed: (i) to address…

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Feb 7

Bulletin 1124 – 02/17 – Ice Campaign within Azov Sea

Posted by atlantic brokers

The Club has recently been informed that the Ice Campaign within the Azov Sea has come into force as of 3rd February 2017. Member’s attention is to be drawn to the below advice from our local correspondent. The Mariupol port Harbour masters order No 21 dated 02.02.2017 Ice Campaign within Azov Sea came…

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Feb 1

SPECIAL WAR RISKS P&I EXCESS COVER AND BIO-CHEM COVER AND US TERRORISM RISK INSURANCE ACT OF 2002, AS AMENDED BY THE TERRORISM RISK INSURANCE PROGRAM REAUTHORIZATION ACT OF 2015

Posted by atlantic brokers

OUTLINE • Limit on Special War Risks P&I cover for 2017 policy year remains US$500 million. • “Bio-Chem” exclusion remains, and a supplementary cover for “Bio-Chem” risks in respect of crew and legal costs limited at US$30 million continues to be available. • A portion of these covers is provided in accordance with…

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