The American P&I Club has announced that no General Increase will apply to both P&I and FDD classes at the upcoming renewal, citing the need to be sympathetic towards shipowners who continue to be faced by a challenging shipping market, coupled with a favourable development with respect to the club’s claims in the current year.

There will be no deductible uplift for either class of business.

The Release calls are set as follows:

2016/17: 10%

2017/18: 20%

2018/19: 20%

 

The full circular can be found on their website.

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