22 May 2020
International Group clubs respond to the US Government sanctions guidance for maritime and related industries.
On 14 May 2020 the US issued a Global Maritime Advisory (“Guidance”) aimed at a range of industry sectors including marine insurers such as P&I clubs, shipowners and charterers.
20 May 2020
Vessel monitoring and P&I insurance – ship’s Automated Information System (AIS)
The ability to track vessels using their AIS (“Automatic Identification Signals”) has become an increasingly important part of Clubs’ sanctions compliance programmes. All International Group Clubs have now agreed a common minimum standard of tracking.
“The Group is committed to keeping under active review the ways in which clubs collectively deliver benefits for their shipowner members, and looking to the future, to ensuring that the Group’s pooling and reinsurance arrangements, which support the very comprehensive cover provided to the clubs' shipowner members, evolve and adapt to meet the challenges of new technologies which are being developed within the shipping industry and the new regulatory challenges facing both shipowners and marine insurers.”
International Group Chairman
The International Group Clubs
