London Club Committee News

The London P&I Club has agreed to provide the $3.2 million bail required for release of Captain Apostolos Mangouras, master of the Prestige, from the high-security Spanish jail in which he has been incarcerated for more than two months. indeed". this occasion. considerations. personal risk to do his duty in very difficult circumstances. "The level of bail is offensive, in the context of the captain's situation. cornerstone of society. less than a third of the bail required from Capt Mangouras. this occasion. avoided in the future. Spanish coast. London Club.

The London P&I Club has confirmed that, as at February 20, 2003, claims for the 2002 policy year were ten percent lower than for the 2001 policy year, and thirty per cent lower than for the 2000 policy year. Writing in the latest issue of its London Club News, the Club says the downturn in claims over recent years is “a great source of encouragement”. It adds that this positive trend, coupled with an improving fleet age profile and the Club’s proven ability in a difficult market to maintain calls in line with original estimates for many years, “bodes well for the continuing success of the London Club”. In April, the London Club Committee reaffirmed an initial supplementary call for the 2003/2004 policy year of forty per cent for the P&I class…