The Club’s Board has decided to implement a 2.5% General Increase on P&I mutual rates for 2020 policy year, and will further adjust rates and deductibles for entries with adverse loss records.

No General Increase will be applied on FD&D and Charterers Liability entries.

The release call for 2020 is fixed at 15% for both P&I and FD&D.

The Club’s announcement is available in their circular.