Japan P&I Club announces 10% GI for 2022
The Japan P&I Club has announced 10% General increase on P&I Advance Call rates and FD&D premiums for 2022 renewal, with estimated supplementary calls set at 40% for P&I and 20% for FD&D as per previous years. Charterers entries will also be subject to 10% General Increase in Premium. In addition Members’ rates will be adjusted according to their own ...
Continue ReadingJapan P&I Club set 10% GI for 2021
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 ...
Continue ReadingJapan 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: ...
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