Tag: Swedish Club

Corroded pipe causing oil spill

Flooding of the Bow Thruster Room

The Swedish P&I Club initiates Monthly Safety Scenario

The Swedish Club Academy eyes China in maritime safety training campaign

The Swedish Club Academy launches new service for proactive maritime accident reduction

New proposal for Rena wreckage

The Swedish Club claimed to have reached a milestone in 2011 The Swedish Club claimed to have reached a milestone in 2011, with its P&I portfolio increasing to just over 50 mill gt.In his report to the Club's Board meeting held in London on 1st December, managing director Lars Rhodin gave his overview of progress in a year of mixed fortunes.Rhodin said: "The Swedish Club continued to grow throughout 2011 and, certainly, the attainment of the 50 mill gt mark is a significant achievement."At the same time, on a broader front, all International Group Clubs have seen a recent upturn in claims severity as well as frequency. Additionally, claims inflation is also gaining ground. While it is too early to draw conclusions from these emerging trends, the overall situation does require close monitoring."Nevertheless, The Swedish Club is benefiting from a positive momentum with a continued positive feedback from owners and from the broking community," he said.During the London meeting, the club's board agreed a general increase of 5% for the 2012 - 2013 P&I policy year, in addition to changes to cover group reinsurance costs.Deductibles are to be increased with $1,000 in respect of cargo and crew claims. In the ...

By the Swedish P&I Club The Swedish P&I Club provides information related to the United States Oil Pollution Surcharge for Tanker Owners and Quarterly declaration of oil cargoes. Furthermore, it encloses a form for the 2nd quarter declarations to be completed and returned to us not later than 20 October 2011.As from 20 February 1998, all tanker Owners, including Owners of OBO and OO vessels, have to make quarterly declarations in respect of cargoes carried and voyages performed during the specified quarter in order not to jeopardise their P&I cover.The reason for this increased reporting procedure is to ensure that all Members of the Association are charged an accurate premium for the quarter. Tankers carrying Non-persistent oil and OBOs and OOs carrying dry cargoes during the entire quarter, will enjoy a lower reinsurance cost which will be credited to the Members. Owners of tankers (including OBOs and OOs) trading to the USA and US EEZ have to declare voyages in order to pay the correct surcharge.Completion and return of the enclosed declaration form is only required for owners of tankers, OBOs and OOs.To view more information, click here.In order to complete and return the form for the 2nd quarter declarations ...