The Standard Club Withdraws from Underwriting at Lloyd's
The world’s fourth largest P&I club announced Thursday that it is withdrawing from underwriting at Lloyd’s from 2019.The Standard Club had established a syndicate in 2015 to underwrite marine and energy risks. It represented one strand of the club’s broadly-based strategy to provide its members with a wider range of insurance covers to meet their needs and diversify the club’s source of revenues.The club said it in press release that remains committed to these strategic aims but it has concluded that current overcapacity and a weak pricing environment have made Lloyd’s a challenging environment for it to develop a profitable underwriting business with sufficient scale.The club is exploring alternative approaches to provide its members with additional insurance covers…
Standard Club and Strike Club to Merge
The London-based marine insurers the Strike Club and the Standard Club have announced plans for the Strike Club to join the Standard Club group.According to a press statement Strike Club will continue as a member-controlled dedicated mutual delay insurer, operating as class of Standard Club and supervised by existing board.Both mutual insurers are managed by companies within the Charles Taylor group.The Standard Club will create a new Strike class in each of the Standard companies, into which The Strike Club business would transfer.
North P&I Club Strengthens Greek Presence
Global marine insurer North P&I Club said that Gagan Dhillon will take over Michael Asherson’s responsibilities for the Greek Membership and lead the claims team based in Newcastle.Gagan, a Master Mariner, first sailed in command of a tanker in 2007 before joining North in 2010 and gaining a First Class (Honours) degree in law.Michael Asherson will take up a position as partner with leading South African law firm Shepstone and Wylie in Durban and will leave the Club at the end of August.After 18 years with the Club…
Oil Recovered from Sunken Ship Thorco Cloud
More than 440 tons of heavy fuel oil was extracted from the tanks of the sunken general cargo vessel Thorco Cloud. The wreck lies in two sections 1,730 meters apart and 70 meters down in the middle of the eastbound traffic lane of the Singapore Strait following a collision in December 2015. The heavy oil in the fuel tanks and in trapped compartments was seen as a major pollution hazard. Both the bow and stern sections contained fuel tanks that required emptying, so the Thorco Cloud’s owner…
Nautical Institute Rolls Out Ice Navigator Scheme
The Standard Club has advised its members that at the start of July the Nautical Institute launched its Ice Navigator Scheme. This scheme is designed to help meet the demand for properly trained officers with the skills and knowledge to handle a ship in ice. The scheme is designed to run in conjunction with the Polar Code and builds on STCW requirements. It focuses on the practical elements necessary to handle a ship and manage operations in ice covered waters worldwide; it is not limited to the Polar Regions. Participants in the scheme can be awarded Ice Navigator Level 1 or 2.
Standard Club Establishes New Offshore Advisory Committee
The Standard Club is driving developments in offshore P&I with the launch of the Standard Club Offshore Advisory Committee (SCOAC). SCOAC aims to analyse offshore trends, assist the club in further understanding and disseminating industry best-practice and develop new strategies to provide a focused direction for the benefit of the club’s offshore membership. The committee consists of leading offshore players including Allseas Group, Bumi Armada, Floatel International, Nortrans Offshore, Saipem, SBM Offshore and Subsea 7 – all members of The Standard Club.
IMB Reports 87 Piracy Incidents in H1 2017
The IMB has published its report on piracy and armed robbery for the second quarter of 2017, covering the period from 1 January to 30 June 2017. The report highlights continuing decline in the number of incidents of maritime piracy, said a press release from The Standard Club. 87 incidents have been reported in the first six months of 2017, with 63 ships boarded, eight attempted attacks, four ships hijacked and 12 ships fired upon. This represents a decrease from 2016 when there were 97 reported incidents in the same period.
Inspection of Ships of 18 Years or Older in Brazil
The Standard Club has been informed by its local correspondent in Brazil that following recent casualties involving bulk carriers, a series of new inspection requirements have been imposed in Brazilian ports for certain ships that are 18 years or older. Brazilian flagged bulk carriers that have been converted from oil tankers, carrying cargo with a density equal to or greater than 1.78 t/m3, such as iron ore, require inspections from Flag State Control before the commencement of loading.
BIMCO Updates SUPPLYTIME for Offshore Charters
Now in its fourth edition, BIMCO’s best-selling contract has been updated to reflect contemporary shipping practice and legal developments in the offshore sector. It has a purer knock for knock liability regime and is more neutrally balanced than its predecessor. The first edition of SUPPLYTIME appeared in 1975. It was developed to meet the demand for specialist support vessels to serve a rapidly growing offshore oil and gas exploration and production industry. Since then, SUPPLYTIME has become the benchmark for offshore support vessel agreements – and the industry’s contract of choice.
New Training Program on Near-miss Reports
Videotel, a KVH company, has launched a new training program, “Report a Near-Miss, Save a Life”, in association with The Standard Club, a protection and indemnity (P&I) club, which insures ship owners, operators, and charterers for their liabilities to third parties. The training program examines the importance of sharing near-miss reports, so that lessons can be learned and publicized throughout a fleet, to help reduce the chances of similar incidents happening. Although standards have improved…
New Bunkering Procedures in Singapore
The Standard Club has quoted a a circular earlier this year by the Maritime and Port Authority of Singapore (MPA) for the mandatory use of the mass flow metering (MFM) system for marine fuel oil (MFO) deliveries in Singapore with effect from 1 January 2017. The circular covers the set of core requirements for metering system qualification, installation, testing, procedures and documentation for MFO deliveries via the MFM system in the port of Singapore. From 1 June 2016, all bunker suppliers…
Implementation of the Polar Code
The Standard Club introduced the International Code for Ships Operating in Polar Waters (‘Polar Code’) as well as Safety of Life at Sea (SOLAS) amendments which were adopted in November 2014, in addition to environmental provisions and MARPOL amendments which were adopted in May 2015. The Code will enter into force on 1 January 2017. The code is mandatory and comprises of detailed requirements relating to ship design, operations, prevention of environmental pollution, crew training and safety.
Implementation of Emission Control Areas in China
The Standard Club reported on the regulations issued by the Ministry of Transport of China which designated three emission control areas (ECAs) in its territorial waters. As mentioned therein, the implementation of low sulphur fuel is divided into stages in order to gradually tighten the regulations by putting a 0.5% sulphur content cap on bunkers used within the zones. In three following web alerts respectively dated 12 April 2016, 25 August 2016 and 7 September 2016 the club has provided updates on the development of the ECA measures.
Increased Limits of Liability for Shipowners in UK
The Standard Club had reported that in 2012 the International Maritime Organization (IMO) decided to increase the limits of liability under the 1996 Protocol by 51% and that these increases are due to come into force on 8 June 2015. This was because in recent years the existing limits have been considered inadequate to cover the rising cost of claims especially in relation to pollution and clean-up costs (e.g. the Pacific Adventurer bunker spill incident off the coast of Australia in 2009).
Drive to Promote Hazard Awareness
As part of a major initiative to promote hazard awareness throughout the shipping industry, the International Chamber of Shipping (ICS) and The Standard Club have issued free safety posters to shipping companies worldwide. The release of the posters marks the final stage of a campaign by the two organisations to promote hazard awareness with a ‘Spot the Hazard’ competition for seafarers. The competition invited seafarers across the world to identify ten hazards within five typical scenes – bridge, deck, engine room, galley and port terminal.
New Plan Pledges Ferry Safety Lead
Interferry has unveiled a strategic plan promising to put safety issues at the heart of its work as the voice of the worldwide ferry industry. The pledge came at the global trade association’s 41st annual conference in Manila – a venue chosen to spotlight the challenges of domestic ferry safety in developing nations. According to Interferry, the plan signals its overriding ambition to help lift ferry safety in all parts of the world to the very high standard already in place in North America and Europe, where casualties in recent decades have been extremely rare.
Hazard Awareness Competition for Seafarers Launched
In an initiative to raise awareness of potential hazards at sea, The Standard Club and the International Chamber of Shipping (ICS) have joined forces to launch a ‘Spot the Hazard’ competition open to any seafarer worldwide. With USD$10,000 of prize money, the competition has been designed to help those working at sea identify hazards and to promote the critical importance of accident prevention. Seafarers entering the competition will be asked to identify hazards shown on a series of images depicting typical scenes on board ship. Seafarers are also invited to submit a safety idea relevant to the image[i] that can be shared throughout the industry.
Standard Club to Host MLC Seminar in Istanbul
The Standard Club will address an audience of over 120 Turkish shipowner representatives and brokers on the Maritime Labor Convention (MLC) at a seminar at the Turkish Chamber of Shipping in Istanbul on Wednesday, November 6, 2013. Turkey is expected to ratify the MLC in the near future. The seminar will also cover other current topics of interest to shipowners including Electronic Bills of Lading. The MLC 2006, which came into force on August, 20 2013, is currently ratified by 47 countries representing 76pc of the world’s gross tonnage. Oliver Hutchings, Syndicate Claims Director, and Simon Hart, Claims Executive will provide an update on how Turkish shipowners can meet the requirements of the MLC…
First Candidates Complete International Group P&I Qualification
The first group of candidates has successfully completed the full Protection and Indemnity Qualification (P&IQ). The examination program was launched in 2010 by the International Group of P&I Clubs (IG) to support education in P&I insurance. The successful candidates were presented with their certificates by Grantley Berkeley, Chairman of the IG and of Tindall Riley (Britannia) Limited, at an awards ceremony to mark the candidates’ achievements held on 12th November 2013 at the Watermen’s Hall in London.
Container Ships Make Slow Return to Iran After Nuke Deal
The first international container ships began arriving in Iran this week after the nuclear deal between Tehran and world powers, yet many ship owners remain wary of resuming business until sanctions are removed - still some months away. Iran had depended on foreign ships for much of its imports, but has relied more on land routes and its own commercial fleet, particularly since 2012, as layers of sanctions led to an exodus of Western shipping firms, leading to supply disruptions. In one of the first signs of change, the world's third largest container shipping group, France's CMA CGM, said on Monday it would restart services to Iran in early August.
Implementation of ECA Measures at Shenzhen Port
The local authorities at Shenzhen port within the Pearl River Delta have now formally announced that vessels will be required to use fuel oil with a sulphur content not exceeding 0.5% m/m, or equivalent emission reduction measures from 1 October 2016. Standard Club says it is as part of implementation of Emission control area (ECA) measures. This requirement extends to the ports of Yantian, Shekou, Chiwan, Mawan and Dachan Bay. Where equivalent measures are to be used, except when using shore power or Liquefied Natural Gas (LNG)…
Indonesia Tops in Piracy and Armed Robbery
The IMB cautions against complacency in its latest report on piracy and armed robbery which covers the period from 1 January 2015 to 30 September 2015, says The Standard Club. 190 incidents have been reported to the IMB in 2015, with the majority focused upon low-level incidents in Southeast Asia. 154 ships were boarded, 21 attempted attacks took place and 15 vessels were hijacked. The majority of reported incidents in 2015 have taken place in Indonesia. Attacks in Southeast Asia tend to be low-level in nature and take place at night.
When is a Master Entitled to Refuse Damaged Cargo? A Reminder from the Standard Club
A master’s authority to clause bills of lading issued by or on his behalf can sometimes become the cause of disagreement between shippers, charterers and carriers. Under Article III Rule 3 of the Hague/Hague Visby Rules after receiving the cargo, and on the demand of the shipper, the master is obliged to issue a bill of lading evidencing the quantity and apparent order and condition of goods to be carried. The buyer of cargo, the consignee in an international trade, will want the subject bill of lading to be accurate and contain unambiguous remarks as to the quantity…