Notices to Members

Members are referred back to Notice to Members No.14 2023/24 by which the International Group (‘the Group’) approved the updated version of the Secro Customer and User Agreement, dated 13th November 2023, and the use of an additional Secro standard e-bill subject to English law and the Electronic Trade Documents Act 2023 (‘the UK Act’)...

Erin Walton

Assistant Corporate Director

On 21 October 2024, the Price Cap Coalition (“Coalition”) issued an Updated Advisory for the Maritime Industry which sets out best practice recommendations for those involved in the trade of Russian origin crude oil and petroleum products.

Tony Paulson

Head of Asia & Corporate Director

At their meeting on 6 November, the Board reviewed the latest Class 1 and Class 2 performance together with the Club’s mid-year financial position and agreed the approach to renewals for the 2024/2025 Policy Year.

The Managers are pleased to announce that Bart Mertens has been appointed as the new Chief Underwriting Officer (CUO) with effect from 6 January 2025. 

Tom Bowsher

Group CEO

The Managers are pleased to announce that Katy Shearer has been promoted to Chief Risk Officer and appointed to the Board of Directors with effect from 1st July 2024.

Tom Bowsher

Group CEO

Members are referred back to Notice No. 18 2022/2023 by which the International Group approved TradeGo User Agreement (2022.12.15) (‘the User Agreement’). The User Agreement remains approved for the purposes of Club cover.

Erin Walton

Assistant Corporate Director

On 24 June 2024 the EU Council adopted the 14th package of sanctions against Russia, which includes its first measures targeting Russia’s liquefied natural gas (LNG) sector...

Tony Paulson

Head of Asia & Corporate Director

NOTICE is hereby given that the Annual General Meeting of the Members of The West of England Ship Owners Mutual Insurance Association (Luxembourg) (hereafter “The Association”) will be held at the Hotel Le Royal, 12 Boulevard Royal, L-2449 Luxembourg, on 9 July 2024 at 13.00 hours (CET) for the following purpose...

Olivier Le Bescond

General Manager

The Report and Accounts for the year ending 20 February 2024 for The West of England Ship Owners Mutual Insurance Association (Luxembourg) were approved, on 15 May 2024, by the Board who are pleased to report a positive year for the Club with all key financial metrics showing an improvement on the prior year.

Tom Bowsher

Group CEO

This Notice provides an update to the information in our previous Notice to Members No. 13 2023/24 regarding temporary authorisation of certain transactions involving oil, gas and gold in Venezuela.

Tony Paulson

Head of Asia & Corporate Director

Reference is made to Notice to Members No.19 2023/24 wherein changes to the Oil Price Cap (OPC) scheme (which regulates the transport and insurance of Russian CN 2709 and CN 2710 cargoes) coming into effect as of 19 February 2024 (UK and US) and for cargoes loaded on or after 20 February 2024 (EU) was described.

Tony Paulson

Head of Asia & Corporate Director

This Notice informs Members of the approval by the International Group of P&I Clubs (the Group) of the trace:original system, provided by Enigio.

Erin Walton

Assistant Corporate Director

This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the BRITC eBL system, provided by BRITC ETRADE SOLUTION Co., Ltd.

Erin Walton

Assistant Corporate Director

The Association has received notice of cancellation from its reinsurers in respect of war risks liabilities arising within the Indian Ocean, Gulf of Aden and Southern Red Sea.

Simon Parrott

Chief Underwriting Officer

This Notice highlights recent key developments in the sanctions imposed against Russia by the UK, EU and US.

Tony Paulson

Head of Asia & Corporate Director

An Extraordinary General Meeting of the Class 1 and Class 2 Members of the Association was held on Tuesday, 23 January 2024 in the Hotel Le Royal, 12 Boulevard Royal, L-2449 Luxembourg and the following SPECIAL RESOLUTION was passed...

Olivier Le Bescond

General Manager

On December 11, 2023, five US agencies (the Department of Justice, Commerce Department’s Bureau of Industry and Security, Department of Homeland Security’s Homeland Security Investigations, State Department’s Directorate of Defense Trade Controls, and Treasury Department’s Office of Foreign Assets Control) released a joint compliance note...

Tony Paulson

Head of Asia & Corporate Director

NOTICE is hereby given that an Extraordinary General Meeting of Class 1 and Class 2 Members of the Association will be held at 12:45 hours on Tuesday, 23 January 2024...

Olivier Le Bescond

General Manager

Members may recall, as reported in the International Group’s statement of 29 September 2023 that, until February 2010, the Rules of all of the Group Clubs specifically excluded liabilities in respect of the carriage of cargo under all electronic, i.e. paperless trading, systems to the extent that the liabilities under such systems...

Erin Walton

Assistant Corporate Director

In 2022, the International Group (IG) first approved the Secro Customer and User Agreement dated 6th October 2022 (‘the 2022 Customer and User agreement’) and the Secro Standard e-bill of lading. The IG subsequently approved an updated version of the Secro Customer and User Agreement...

Erin Walton

Assistant Corporate Director

The US Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently issued four general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold in Venezuela.

Tony Paulson

Head of Asia & Corporate Director

Members are referred back to our Notice to Members No. 7 2023/24 by which the International Group approved DSUA 2023.1. This version superseded DSUA 2021.1. Both versions remain approved for the purposes of Club cover.

Erin Walton

Assistant Corporate Director

At their meeting on 8th November, the Board reviewed the latest Class 1 and Class 2 performance together with the Club’s mid-year financial position and agreed the approach to renewals for the 2024/2025 Policy Year.

The International Group (IG) had previously approved WAVE. The legal documentation and terms of use associated with WAVE are held in the Wave Application and Network Bylaws, version 1 dated 20 December 2019 (‘Wave Bylaws version 1’). This version continues to be approved.

Erin Walton

Assistant Corporate Director

The International Group (“IG”) Standard Form Letters of Indemnity (given in return for delivery of cargo without production of an original bill of lading and/or delivery of cargo at a port or place other than stated in the bill of lading) were last reviewed in 2010.

Erin Walton

Assistant Corporate Director

On 23 August 2023 OFAC issued a determination that allows sanctions to be imposed on any foreign individual or entity that operates in the jet fuel sector of the Burmese economy by expanding Executive Order 14014 (the “EO”).

Tony Paulson

Head of Asia & Corporate Director

Electronic (Paperless) Trading – Change of name from essDOCS Exchange Limited to ICE Digital Trade Management Limited: Update to DSUA Members are referred back to Notice to Members No.4 2021/2022 dated June 2021.

Erin Walton

Assistant Corporate Director

On 23 June 2023 the EU Council adopted the 11th package of economic sanctions against Russia to prevent their circumvention and further erode Russia’s revenues.

Tony Paulson

Head of Asia & Corporate Director

NOTICE is hereby given that the Annual General Meeting of the Members of The West of England Ship Owners Mutual Insurance Association (Luxembourg) will be held at the Hotel Le Royal, 12 Boulevard Royal, L-2449 Luxembourg, on 11 July 2023 at 12.30 hours (CET).

Olivier Le Bescond

General Manager

Electronic 'Paperless' Trading - Update to Secro Terms and Conditions

Erin Walton

Assistant Corporate Director