Shipowner’s P&I Club have adopted nil General Increase for 2012
Tagged: general increase, marine insurance, P&I
For the second consecutive year, the Shipowners P&I Club board had decided that no general increase will be imposed on the mutual entries for the coming policy year.
In addition, any increased costs in the reinsurance programme will be absorbed by the Club.
Entries will be reviewed individually though according to the claims performance and risk profile.
Release call for 2012 is nil.
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