Standard Club sets GI at 7.5% for 2020
The Board of the Standard Club has re-affirmed their commitment to the concept of General Increase and as set a 7.5% GI on Members’ P&I ETP for 2020, with 10% increase on deductibles, or USD2,000 whichever is the highest. FD&D will also see an uplift of 7.5% as GI for February 2020 renewal. 2018/19 and 2019/20 ETP remain unchanged, as ...
Continue ReadingSteamship Mutual announces 7.5% GI for 2020
The Steamship Mutual has announced their General Increase for 2020/21, set at 7.5% for P&I and FD&D, with an uplift of USD2,000 in lower level P&I deductibles. At the same time, the Club has also decided to return 7.5% of 2019/2020 mutual P&I premium to their Members, for vessels renewing in 2020. This represents around USD17 million capital redistribution. Release ...
Continue ReadingBritannia P&I Club quash GI from 2020
As Britannia is opening the round of P&I announcements for 2020/21 renewals, the Club has decided to follow in the footstep of Skuld and to not seek General Increase across their membership anymore, starting from 20 February 2020 for both P&I and FD&D. Rates will be reviewed and adjusted based on each Member’s individual record only, with any adjustment in ...
Continue Reading