West of England announces results of mid-year review
Tagged: P&I
The West of England has confirmed that the 2007/8 year will now be closed without any further Calls applying. In addition, the Release Call for the 2007/8 year will be reduced from 30% to 15%.
The 2008/9 year’s 45% Additional Call remains in place, due to be debited in January and August 2010, whilst the Club noted that claims activity has generally remained positive.
They have stated that any adjustment in the Additional Call for the 2008/9 year will only affect the second instalment, so Members should continue to budget to settle the January 2010 instalment. Release Calls for the 2008/9 year have been reduced from 40% to 20%.
The Club has not made any changes to the Additional Calls for the 2009/10 year, those remaining at the forecast 30% due to be debited in August 2010. Release Calls for the same year also remain at 30%.
The Club has not announced their General Increase for the 2010 year yet, but this is anticipated shortly. For a full copy of the Club’s Notice to Members, please contact FP Marine Risks.
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