Wednesday, 1st December 2021

New joint publication on liability and compensation

The International Group of P&I Clubs, the IOPC Funds and ITOPF have collaborated on a new booklet on liability and compensation for ship-source oil pollution in the marine environment. This 35-page document provides an overview of the international and selected national arrangements in place, as well as background information on ‘who pays’. It was produced with support from IMO, the Canadian Ship-source Oil Pollution Fund and the US National Pollution Funds Center.

The new publication is based on the collaborators’ experience of applying the provisions of the compensation regimes to incidents around the world, and the assessment of associated claims for compensation. The importance of a close relationship between those claiming compensation, those paying compensation, and technical advisers - who all work together closely during the claims process – is highlighted throughout with case studies. A copy can be downloaded from this page:

  Compensation booklet

21 Dec 2021

The International Group Pooling and GXL Reinsurance contract structure for 2022 has now been finalised.

The International Group Pooling and GXL Reinsurance contract structure for 2022 has now been finalised. This release provides the International Group’s renewal rates for 2022/23 policy year.
15 Dec 2021

Poseidon Principles for Marine Insurance (PPMI)

The IG sets out its position on the PPMI published on 15 December 2021 by the Global Maritime Forum.