For the end consecutive year, the Shipowners P&I Club have announced they will apply a 5% General Increase at next renewal. The Club will absorb any adjustment in premium for the International Group excess of loss programme.

In addition deductibles below USD50,000 will be increase by 10% and for deductibles below USD5,000 a minimum increase of USD500 will apply.

Records will continue to be reviewed individually for adequate deductible and premium adjustments.

Details of the Club’s position are available in their Circular