Latitude coordinates the First Shipping Food Drive for Feeding Hong Kong
In June, Latitude Brokers coordinated the First Shipping Food Drive for Feeding Hong Kong. Feeding Hong Kong work with food retailers, distributors and manufacturers to rescue surplus that would otherwise be discarded and re-distribute it to the people in need. But from week to week, the volumes of food donated to Feeding Hong Kong go up and down and the ...
Continue ReadingOverview of 2016 IG P&I Club General Increases (Final)
The following is solely in respect of the Mutual P&I entries and excludes FD&D, fixed premium entries and charterer’s liability. The headline General Increase numbers are as follows and will be updated as each Club announces: American Club – 2.5% Britannia – 2.5% Gard – 2.5% Japan – 3% London – 5% North of England – 2.5% Shipowners – 0% Skuld – (not applicable) ...
Continue ReadingWest of England 2016 General Increase announced
The West of England has announced there will be no General Increase on P&I or FD&D for 2016. West of England remains the only IGA Club not to apply the General Increase to the Group Excess of Loss Reinsurance costs. Deductibles will be increased by 10% or USD1000, whichever is the higher, up to a maximum USD2500 and Rules deductibles ...
Continue ReadingReduction in the IG Excess Reinsurance Programme for 2015
Negotiations have been finalised for the International Group General Excess of Loss reinsurance contract and the favourable Pool claims experience for 2012, 2013 and 2014 policy years, have enabled the group to achieve rate reductions: minus 8.11% for clean and dirty tankers minus 6.05% for dry cargo vessels and no increase for passenger vessels and chartered entries. The Clubs apart from ...
Continue ReadingWest of England 2015 General Increase announced
For Mutual entries, the Board have agreed on a 2.5% General Increase on P&I Advance Calls and nil General Increase on FD&D Advance Calls. The forecast additional calls for both classes are set as the same level as the past 2 years, ie 35% of Advance calls, payable in August 2016. This effectively means that the General Increase on the ...
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