American Club announces nil General Increase for 2017

The American Club has announced they will not be seeking a General Increase for 2017 on their mutual or fixed P&I and FD&D entries.

The Club has updated their Release Calls on open years as follows:

2017 – 20%

2016 – 20%

2015 – 15%

2014 – 12/5%

In addition, the Club has increased the following deductibles:

SCOPIC claims to be a minimum of USD50,000

Cargo’s unrecoverable proportion of GA contributions  for vessels over 15 years old to be a minimum of USD50,000

All deductibles below USD10,000 to be increased by USD1000 and crew deductibles to be a minimum USD7500.

The full circular can be found here.