The Standard Club has announced that no General Increase will apply to both P&I and FDD classes at the coming renewal, despite an notable increase in claims and a small reduction in free reserves projected for the end of the financial year.

The club will attempt to apply a P&I deductible increase of 10% or USD2,000, whichever is greater. The FDD deductible will remain unchanged.

The release calls remain as set previously as follows:

2016/17: Nil

2017/18: Nil

2018/19: 6%

The full circular can be found on their website.

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