WoE adds 5% surcharge to owners’ P&I, says premiums industry-wide are now “unsustainable”

Capt. John

West of England is to implement a 5% standard surcharge to all mutual and fixed premium rates for P&I-owned (Class 1) entries, while keeping a 0% surcharge for owners’ FD&D (Class 2) entries. Charterers will face no increase for either class. The estimated total mutual call of 100% for 2018/19 remained unchanged, as was the…

The post WoE adds 5% surcharge to owners’ P&I, says premiums industry-wide are now “unsustainable” appeared first on Insurance Marine News.

Author: Capt. John

https://insurancemarinenews.com/insurance-marine-news/woe-adds-5-surcharge-to-owners-pi-says-premiums-industry-wide-are-now-unsustainable/

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