Standard Club sets GI at 10% for 2021
The Board of the Standard Club has set the General Increase at 10% of Members’ P&I premium for 2021, but also specified that for Members with adverse records, the further adjustment to address individual performance and inadequate level of premium could be significant.
No General increase will apply on the FD&D Class.
Release calls set earlier this year remain unchanged:
2018/19: 0%
2019/20: 0%
2020/21: 6%
Full details of the Club’s position are available in their Circular.