Articles from December 2010:
Container shortages exposing freight forwarders to delay costs
24 December 2010
Posted in Blog
Tagged: Cargo, freight forwarders, liabilities, marine insurance
A shortage of containers is causing concern for freight forwarders and other container users, particularly as the subsequent impact from delays or damage can lead to additional financial costs. Container manufacturers struggled to keep their factories open during the global economic slowdown and many were forced to close and lay off workers. The sudden turnaround [...]
Read more »New Incoterms 2010
20 December 2010
Posted in Blog
Tagged: Cargo, ICC Clauses, Incoterms, trade
As of 1 January 2011, new Incoterms will apply replacing the 2000 version. They have been drawn up to reflect changes in international trade, security concerns, e-commerce and the increase in e-communications, as well as the spread of customs-free areas. Much emphasis has also been placed on making Incoterms easier to understand, and for that [...]
Read more »Japan Shipowners P&I Club announces 10% increase for 2011 P&I renewals
7 December 2010
Posted in Blog
The Board has decided to implement a 10% increase on the P&I advance calls rates, with any adjustment in the cost of the International Group reinsurance program to be added. Individual member’s loss record will be reviewed for renewal in light of the above general increase. The estimated supplementary call is set at 40% of [...]
Read more »Swedish Club sets General Increase for 2011
7 December 2010
Posted in Blog
The Board of Directors agreed a 2.5% General Increase on rate for renewal of P&I entries for the 2011-2012 policy year, whilst a General Increase applicable to their FD&D entry is set at 10%.
Read more »Recent articles
3 September 2012
Have recessionary risks hindered the opportunities available to Asian marine insurers? And is the future a profitable one?
20 July 2011
What has changed in the marine insurance markets over the last year? And can Assureds expect to see these soft markets continue?
Blog
6 December 2012
In recent months, three insurers have pulled out of the Hull and Machinery market as competitive pressures and a year of substantial claims take their toll.
28 November 2012
At the recent Meeting of the Association’s board of Directors, the general increase to be applied to the advance call rates for the 2013 policy year was set at 5%.
Press releases
16 April 2013
INTTRA, the world’s largest multi-carrier shipping network for ocean freight, has launched a new member service that enables shippers to purchase cargo insurance from marine insurance specialist, FP Marine Risks.
4 February 2013
Hyperion Insurance Group Limited, the international insurance intermediary group, and FP Group Limited (FP), the Hong Kong-headquartered specialist marine broking group, are pleased to announce their partnership today, with Hyperion taking a 55% stake in FP Group Limited.
Opinions
26 March 2009
26 November 2008