The Board has decided on a 10% General Increase on the Advance Call for 2021 renewal, with estimated supplementary call set at 40% of Advance Call.

Rates will be also adjusted according to individual entries performance, and any change in the cost of the IG reinsurance programme.

In addition the Club will be increasing deductibles as follows:

  • Crew from USD3,000 to USD5,000
  • Cargo from USD10,000 to USD15,000
  • All others from USD5,000 to USD10,000

Release calls are updated to 5% of Advance Call for 2018 and 2019, and 45% for 2020 and 2021.

No General Increase will be sought for FD&D entries, with estimated supplementary call for 2021 set at 20% of Advance Call. Release calls are set at 5% for any open policy year

Full details of the Club’s position are available in their Circular.