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The Swedish Club: 0% General Increase

Maritime Activity Reports, Inc.

December 9, 2016

Lars Rhodin (Photo: The Swedish Club)

Lars Rhodin (Photo: The Swedish Club)

In a move designed to support owners in difficult trading conditions, for the second year running The Swedish Club has announced a zero percent general increase for the up-coming P&I renewals 2017-2018.


Speaking at the Club’s Board meeting in Bangkok, Lars Rhodin, Managing Director of The Swedish Club, said that entered tonnage on the P&I side of the business was sustaining controlled growth, a continued appreciation from the Club’s members for the zero general increase previously declared for 2016/2017.


Rhodin told Board members: “This positive result has been ahead of expectations and has demonstrated the importance of the Club’s continuing balanced underwriting approach in a competitive market.”


The Swedish Club Board agreed upon an alternative cover in FD&D of $10 million (above the standard of $5 million) for legal and associated costs for any one dispute. The general increase was again set to zero per cent.

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