Japan P&I Club seeks 7.5% GI for 2020
In line with the majority of the Clubs, the Japan P&I Club has now announced that there will be a 7.5% increase in advance call rates for P&I entry. The Club still charges annual premiums based on Advance calls and estimated supplementary call set at 40% of advance call.
Release calls are set as follows:
2017: 5%
2018: 10.5%
2019: 45%
2020: 45%
The Club’s circular is available on their website.