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Here you will find news regarding our company and insurance issues

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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Jan 25

Bulletin 1123 – 01/17 – New Email Scam Payment Diversion Fraud – Worldwide

Posted by atlantic brokers

It has come to the Club’s attention that there is a new email scam looking to obtain funds by fraudulent payment diversion. Members are reminded of the importance of properly scrutinising emails and addresses before replying. Emails have been received purporting to be from ships or owners asking to verify fund transfers, to…

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Jan 16

Club Circular 1/17 – INTERNATIONAL CONVENTION FOR THE CONTROL AND MANAGEMENT OF SHIPS’ BALLAST WATER AND SEDIMENTS, 2004 AND US BALLAST WATER MANAGEMENT (BWM) REGULATIONS

Posted by atlantic brokers

OUTLINE • The Ballast Water Management Convention 2004 will enter into force on 8 September 2017. • The International Group has prepared an update and guidance on compliance with this Convention and with US BWM Regulations. • Further updates and guidance will be provided as and when necessary. TO THE MEMBERS Background The…

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