In consideration to the inflationary costs of claims and the burden of the increasing pool claims, the Club has decided to apply a 5% General Increase on Owners mutual entries for P&I and FD&D at 2026 renewals.

In addition all deductibles below USD50,000 will be increased by 10% subject to a minimum of USD1,000, and the standard deductibles level is increased as follows:

Crew Claim: USD6,000 per accident

Cargo Claim: USD16,500 per voyage

Other Claim: USD11,000 per accident

The rates will be further adjusted as per changes to the cost of the IG reinsurance programme

Release calls:

2026-27: 15%

2025-26: 15%

2024-25: 3.5%

2023-24: 3.5%

Full details of the Club’s position is available in the Circular.

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