London Club Call Performance Confirms Financial Stability

Thursday, May 01, 2003
The London P&I Club has, for more than 10 years, continued to maintain the policy of stable supplementary and release calls. Following a meeting on April 16, the Club Committee confirmed that all calls are to be maintained in line with original estimates.

In the Protection and Indemnity Class, the supplementary and release calls for 2000/2001 and 2001/2002 remain unchanged. For 2002/2003, a supplementary call of 40 percent will be levied in July this year, as originally estimated, and will be payable in two installments on August 20, and October 20, 2003. The release call will remain at 60 percent until the supplementary call has been levied, when it will reduce to 20 percent. The initial supplementary call estimate for 2003/2004 has been confirmed at 40 percent and the release call at 60 percent, as advised to members in November last year.

Meanwhile, in the FD&D Class, the supplementary and release calls for 2000/2001 and 2001/2002 also remain unchanged. For 2002/2003, a supplementary call of 30 percent, as originally estimated, will be levied in July this year, and will be payable on August 20 and October 20, 2003. The release call rate will remain at 50 per cent until the supplementary call has been debited and will then reduce to 20 per cent. The supplementary call estimate for 2003/2004 remains at 30 percent, with the release call continuing at 50 percent, as advised to members in November last year.

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

TASI Acquires SignalFire Telemetry

TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts.  This new acquisition

DP World Profit Up 22%

Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015,

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4737 sec (2 req/sec)