Insurance

  • Russian transport operators must insist on...

    Recent changes to regulations in Russian law now make it possible for forwarders and road hauliers to access full liability cover, similar to that enjoyed by those in the global supply chain. However, most insurance products on the market don’t offer comprehensive protection. Executives from Panditrans, TT Club’s Network Partner in Russia, have outlined the improved regulatory situation but emphasized the inferiority of the cover available in the market. Valuable risk management advice on temperature controlled and tank container cargoes was also presented at the recent TransRussia trade show in Moscow.

     

  • Preventing COVID-19 onboard

    At a time when the number of COVID cases increases and many ports and countries operate with differing COVID-19 regulations, we encourage ship operators to review their crew change management plans, implement all relevant recommendations set out in the revised IMO supported protocols for crew changes and travel, and continue to promote compliance with proven health measures such as physical distancing, hand hygiene, cough etiquette and use of masks.

     

  • Onboard connectivity critical for crew welfare,...

    As part of the Standard Club’s continuing commitment to safety at sea and focus on seafarer wellbeing, this year the Club has partnered with the Mission to Seafarers, alongside Wallem Group to support the 2021 Seafarers Happiness Index report.

     

  • Insurer of ship that blocked Suez Canal says...

    UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still “exceptionally large.”

     

  • 2021 financial statements – Britannia P&I...

    Total calls and premiums for 2020/21 were marginally lower than the previous year. The underwriting result was a deficit of USD20.5m before allowing for the investment return allocated to the technical account. The strong investment performance achieved for the financial year ended resulted in an overall surplus for the year of USD37.0m after tax. In October 2020 there was a capital distribution to Members of USD10.0m. The total capital resources of the Group therefore increased by USD27m to USD449m at 20 February 2021. Additional assets totalling USD177.8m held by Boudicca Insurance Company Limited are available to Britannia to meet future claims.

     

  • COVID-19 vaccination of foreign seafarers in the...

    US federal health regulators lifted a recommended pause on the use of the Johnson & Johnson or Janssen (J&J) single-shot Covid-19 vaccine. The decision allows states in the US to resume administering the J&J vaccine. The J&J vaccine along with the Pfizer and Moderna vaccines remain the only authorized vaccines in the US.

     

  • Ship operators at increased risk of drug smuggling

    Commercial carriers are not willing participants in the trafficking of drugs, but they may be exposed to various losses including fines if drugs are found on-board. The P&I cover for fines arising out of smuggling was changed at the start of the 2021 insurance policy year. It is important that Members are aware of the change, the increased exposure and how to deal with the challenges related to smuggling when operating ships.

     

  • Industry recommended framework of protocols for...

    The International Maritime Organization(IMO)has released and promoted the joint industry document, Industry Recommended Framework of Protocols for Ensuring Safe Ship Crew Changes and Travel During the Coronavirus (COVID-19) Pandemic,encouraging both IMO Member States and all stakeholders to consider applying the protocols to the maximum extent possible.

     

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Preventing COVID-19 onboard

At a time when the number of COVID cases increases and many ports and countries operate with differing COVID-19 regulations, we encourage ship operators to review their crew change management plans, implement all relevant recommendations set out in the revised IMO supported protocols for crew changes and travel, and continue to promote compliance with proven health measures such as physical distancing, hand hygiene, cough etiquette and use of masks.

 
English

Russian transport operators must insist on comprehensive insurance cover

Recent changes to regulations in Russian law now make it possible for forwarders and road hauliers to access full liability cover, similar to that enjoyed by those in the global supply chain. However, most insurance products on the market don’t offer comprehensive protection. Executives from Panditrans, TT Club’s Network Partner in Russia, have outlined the improved regulatory situation but emphasized the inferiority of the cover available in the market. Valuable risk management advice on temperature controlled and tank container cargoes was also presented at the recent TransRussia trade show in Moscow.

 
English

2021 financial statements – Britannia P&I announces satisfactory results

Total calls and premiums for 2020/21 were marginally lower than the previous year. The underwriting result was a deficit of USD20.5m before allowing for the investment return allocated to the technical account. The strong investment performance achieved for the financial year ended resulted in an overall surplus for the year of USD37.0m after tax. In October 2020 there was a capital distribution to Members of USD10.0m. The total capital resources of the Group therefore increased by USD27m to USD449m at 20 February 2021. Additional assets totalling USD177.8m held by Boudicca Insurance Company Limited are available to Britannia to meet future claims.

 
English

COVID-19 vaccination of foreign seafarers in the United States

US federal health regulators lifted a recommended pause on the use of the Johnson & Johnson or Janssen (J&J) single-shot Covid-19 vaccine. The decision allows states in the US to resume administering the J&J vaccine. The J&J vaccine along with the Pfizer and Moderna vaccines remain the only authorized vaccines in the US.

 
English

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