Standard Club sets GI at 7.5% for 2020
The Board of the Standard Club has re-affirmed their commitment to the concept of General Increase and as set a 7.5% GI on Members’ P&I ETP for 2020, with 10% increase on deductibles, or USD2,000 whichever is the highest.
FD&D will also see an uplift of 7.5% as GI for February 2020 renewal.
2018/19 and 2019/20 ETP remain unchanged, as well as Release calls set earlier this year:
2017/18: 0%
2018/19: 0%
2019/20: 6%
Full details of the Club’s position are available in their Circular.