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Saturday, August 15, 2020

England Pi Club News

Logo: West of England P&I Club

West of England P&I Club’s Finances 'Robust'

West of England P&I Club has announced its results for the year ending 20 February 2019. The Club’s capital has strengthened and remains considerably in excess of the ‘AAA’ capital strength requirement under Standard and Poor’s model.This has been re-affirmed in its financial strength rating of A-, reflecting its view that the Club will sustain its ‘extremely strong’ capitalization. The free reserve has been maintained in excess of $300 million at a near-record level of $306.4…

Panel during debate (Photo:London Shipping Law Center)

Changes, Challenges Are Tough on the World's Ship Masters

Bullying, micro-management of his activities and the threat of going to jail while doing his job, remain major pressures for the Masters of merchant ships - and the situation is getting worse. ‘Masters Under Attack – Authority and Responsibility in an Age of Instant Access’ was the topic discussed by an expert panel at the Cadwallader Debate, organized by the London Shipping Law Center (LSLC), at Drapers’ Hall, London. The panel, chaired by Lord Clarke of Stone-cum-Ebony, consisted of Debate Moderator Captain Kuba Szymanski…

Michael Grey (Photo: London Shipping Law Centre

Less Authority, More Responsibility: A Growing Problem for Ship Masters

The position of the Ship Master, apparently enshrined in centuries of law, custom and practice, is showing evidence of strain in the light of 21st century ship operation and management. The Master’s traditional authority is widely perceived as being diminished while responsibility is being increased, frequently in matters over which he has little or no control. Is the role of the Master under attack? How has his authority and responsibilities been affected in an age of instant communication between ship and shore…

Lord Clarke (Photo: LSLC)

Speakers Announced for The Cadwallader 2016 Debate

The panel of speakers who will join Lord Clarke of Stone-cum-Ebony at the 2016 Cadwallader Debate has been announced. Chairman of the debate Lord Clarke will be joined by a panel of five speakers. They are Kuba Szymanski, Secretary General of InterManager; Michael Kelleher, Director, West of England P&I Club; Faz Peermohamed, Partner and Global Head of Shipping at Ince & Co; Michael Chalos, Partner at K&L Gates (New York); and Jeff Lantz, Director of Commercial Regulations and Standards at the US Coast Guard.

Photo: A/S Dan-Bunkering Ltd

Standard Bunker Contract Review Begins

Three of the world’s largest bunker suppliers, including World Fuel Supplies and Dan Bunkering, have joined a team of industry experts to review BIMCO’s standard bunker contract – BIMCO Terms 2015. Shipowners will be represented by Denmark-based J Lauritzen and Norden. Legal and P&I input comes from Clyde & Co and the North of England P&I Club. The initiative is supported by the International Bunker Industry Association (IBIA) who will have a representative on the team. BIMCO…

North P&I Club Annual Report

North P&I Club Reports a 'Stable and Positive' Result in a challenging Market. The ‘A’ rated, 170 million GT North of England P&I club has achieved a ‘stable and positive’ result for the 2011/12 financial year despite challenging market conditions, according to chairman Pratap Shirke of Australian ship management group ASP. The club’s Management Report 2012 has just been published. Shirke confirms, ‘Against a background of difficult shipping market conditions, a volatile investment landscape and a trend of increasing claims…

North P&I Club Reserve Advances 30%

Directors of North of England P&I club confirm that the ‘A' rated club emerged substantially stronger from the annual renewal in February 2011, with an underwriting surplus and investment income boosting its free reserve by 30% to US$ 312 million. Chairman Albert Engelsman and fellow board members approved the club's 2010/11 accounts in Cyprus on Friday (20 May 2011). ‘This year has been very successful for North, with a strong underwriting performance and positive investment return resulting in a substantial free reserve to underpin our continued development,' says Engelsman.

North P&I Publishes 3rd Edition Of Bunker Claims Prevention Guide

The ‘A’ rated, 150 million GT North of England P&I club has published a third edition of its popular loss-prevention guide ‘Bunker Claims Prevention’, which aims to help shipowners avoid potentially large losses arising from loading unsuitable or insufficient marine fuel oil. The new edition reflects recent changes to international marine fuel specifications introduced in ISO 8217:2010. Head of loss prevention Tony Baker says, ‘The guide tackles bunker quality and quantity issues…

NORTH P&I CLUB Publishes Guidance On Sanctions For Shipowners

The ‘A’ rated, 150 million GT North of England P&I club has published new guidance for shipowners on how to avoid being caught out by the increasingly complex ‘patchwork’ of international trade sanctions currently in force worldwide. Writing in the club’s newsletter ‘Signals’, head of loss prevention Tony Baker says, ‘Trade sanctions are at the forefront of modern diplomacy and can be imposed by individual countries or supranational bodies such as the UN and EU. Baker says sanctions are a particular problem for shipowners…

North P&I Club Sets Premium Rise of 5%

Shipowner directors of the ‘A’ rated, 100 million GT North of England P&I club have decided on a 5% general premium increase for protection and indemnity (P&I) cover in 2010/11, reflecting the club’s continuing financial resilience. According to chairman Albert Engelsman of Dutch shipping group Wagenborg, all North’s open policy years for P&I and freight, demurrage and defence (FD&D) classes are performing in line with expectations and no premiums in addition to the original estimated premium are expected.

Wilson & Jennings at North of England P&I Club

Alan Wilson and Paul Jennings became joint managing directors of the ‘A’ rated, 100 million GT North of England P&I club 18 September 2009 following the retirement of Rodney Eccleston after 21 years at the helm. Club chairman Albert Engelsman congratulated former deputies Wilson and Jennings on their appointments, which mirror the successful joint leadership role played by Eccleston and Peter Crichton for 18 years until Crichton’s retirement in 2006. Wilson joined North in 1981 after qualifying as a chartered accountant with Binder Hamlyn.