Search results 0

Cargo ship loaded with containers close to coast

Circulars – P&I – No: 2524/2011

P&I Insurance – Policy years 2008, 2009, 2010 and 2011 – Supplementary and Release Calls

At the meeting on 31 March 2011 the Board of Directors made the following decisions in respect of the open policy years:

2008/2009
To close this year with no further supplementary call.

2009/2010
To close this year in the spring of 2012, subject to any adverse developments, without any further call being levied, and to amend the release call from 25% to 10%.

2010/2011
To not levy a supplementary call, and to amend the release call from 25% to 15%.

2011/2012
To maintain the target set at the renewal for 2011/2012, which was to achieve a 0% supplementary call. To set the release call for this policy year at 25%.