Circulars

We enclose the Association's Rule Book for the 2012/13 policy year. The Rules take effect from 20th February, 2012.

THE ASSOCIATION’S CALL FOR THE YEAR 20TH FEBRUARY, 2012/13 At their meeting on 10th November, 2011 the Directors considered the Association’s premium requirements for the 2012/13 policy year.

The quality of bunker fuel continues to be a source of concern to shipowners and charterers. Over the last 30 years or so, enhanced refining techniques have resulted in a decline in the quality of residual fuel and the refinery side streams used as blend components. Added to this the demand for low sulphur fuel has resulted in heavy blending and the use of inappropriate blend components. Unfortunately some marine fuels have also been used as a dumping ground for waste chemicals and organic substances that have caused serious operating problems. Engine damage and resultant lost time caused by bunker quality problems occur all too frequently.

INDIRECT TAXES – THE APPROACH OF THE ASSOCIATION As Members will be aware, pursuant to the Association’s Rules, all legal and claims related services are supplied to a Member notwithstanding any involvement on the part of the Association.