With effect from noon on 20 February 2010, the individual Club retention will increase from US $7 million to US $8 million.
At the Annual General Meeting of the International Group of P Club managers held in London on 17 November, the managers of the 13 member Clubs unanimously endorsed and welcomed the election of Gard CEO, Claes Isacson, to succeed Peter Spendlove as International Group Chairman.
The autumn meetings of the IMO Legal Committee and the 1992 IOPC Fund Executive Committee and 1992 IOPC Fund Assembly were held in London at the beginning of October 2009.
The Group was represented at the International Marine Claims Conference held in Dublin in October and participated on a panel session and presentation on practical and insurance issues arising out of vessel layup.
The 2009 International Group Conference for P Correspondents was held in Amsterdam on 27-29 September.
The Group participated at the annual IUMI conference held in Bruges in September 2009 and a presentation was made to the Legal and Liability workshop session on the current status of international maritime conventions in force and pending entry into force.
Following further consultation with industry including the International Group and based on experience gained since publication earlier this year of the industry supported Best Management Practices to Deter Piracy in the Gulf of Aden and off the Coast of Somalia, an updated Version 2 has now been published (click link to view).
To provide general clarification and guidance on a number of issues which have been raised concerning insurance cover issues arising out of piracy incidents and the engagement of on board unarmed/armed security personnel, the Group has produced a FAQs document (click link to access).
The Interspill 2009 conference and exhibition was held in Marseille from 12 - 14 May 2009.
The International Group has continued to closely monitor developments in relation to the prosecutions in Korea of the Master and Chief Officer of the VLCC “Hebei Spirit” arising out of the oil pollution resulting from the collision of the crane barge Samsung No.
The IG attended and took a full and active role in both the 98th session of the IMO Legal Committee that was held in London from 4-8 April and the meetings of the 1992 IOPC Fund governing bodies and 6th Intersessional working group that was held in Marrakech from 29 March – 1 April.
IUMI has just released its updated Casualty and World Fleet statistics as at 31/12/2008 which can be accessed via the link below:.
Hugo Wynn-Williams, CEO of Thomas Miller P and a long serving member of the IG Reinsurance Subcommittee, has been appointed with immediate effect as successor to Just Arne Storvik.
The arrangements for the renewal of the International Group general excess loss contract and Hydra programme for 2009/10 have now been finalized.
The Group has been closely monitoring developments in relation to the prosecutions in Korea of the Master and Chief Officer of the VLCC “Hebei Spirit” arising out of the oil pollution resulting from the collision of the crane barge Samsung No.