London Club Confirms Financial Stability

Wednesday, May 01, 2002
The London P&I Club has maintained the policy of stable supplementary and release calls which has been a hallmark of its performance over the last ten years. Following its meeting in London on April 24, 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 1999/2000 and 2000/2001 are unchanged. For 2001/2002, a supplementary call of 40 percent will be levied in July this year, at which time the release call will be reduced from 60 to 20 percent. The initial supplementary call estimate for 2002/2003 has been confirmed at 40 percent and the release call at 60 per cent, as advised to members in December last year. In the FD&D Class, meanwhile, the supplementary and release calls for 1999/2000 and 2000/2001 are also unchanged. For 2001/2002, the supplementary call will be levied in July this year, at which time the release call will be reduced from 50 to 20 percent. The supplementary call estimate for 2002/2003 remains at 30 percent, with the release call continuing at 50 percent, as advised to members in December last year. The ability to maintain calls in line with original estimates, at an extremely difficult time for all P&I clubs, emphasises the continuing financial stability of the London Club.
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

MN 100: Horizon Shipbuilding, Inc.

13980 Shell Belt Road Bayou La Batre, AL 36509 E-mail: trshort@horizonshipbuilding.com Website: www.horizonshipbuilding.com President and General Manager: Travis R.

MN 100: Kvichak Marine Industries, Inc.

469 NW Bowdoin Place Seattle, WA 98107 Telephone: 206 545 8485 E-mail: sales@kvichak.com Website: www.kvichak.com CEO/President: Keith Whittemore Number of

MN 100: Guido Perla & Associates, Inc.

701 5th Avenue Seattle, WA 98104 Tel: (206) 768-1515  Email: Inga.Scholz@gpai.com Website: www.gpai.com President & CEO: Guido Perla The Company: With offices in the US,

Finance

Bollore First Half Boosted by Transport, Advertising Unit

French industrial group Bollore said first-half operating income rose 11 percent to 314 million euro because of strength at its transport business and advertising agency Havas,

CMA CGM Continues Expansion, Confirms Profits

The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer,

Odfjell Drilling in Tighter 2Q North Sea Market

Odfjell Drilling reports second quarter 2014 financial results showing a profit of US$29-million. Profit & loss Q2 2014 Operating revenue for Q2 2014 was USD 272 million (USD 289 million),

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1338 sec (7 req/sec)