Following the adoption of the EU’s 16th sanctions package on 24 February 2025, as detailed in Council Regulation (EU) 2025/395, there have been significant amendments to Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine...
Circulars
EU adopts 16th Sanctions Package against Russia by the EU and the UK
On 24 February 2025, the EU adopted the 16th package of sanctions against Russia on the third anniversary of Russia’s full scale invasion of Ukraine. These measures are set out in several regulations and decisions which can be found here. The EU Commission has issued a press release which can be...
EU’s adopts 16th Sanctions Package Against Russia
On February 24 2025, marking the third anniversary of Russia’s illegal invasion of Ukraine, the European Union adopted its 16th sanctions package against Russia. This comprehensive set of measures aims to further pressure the Russian regime by targeting critical sectors of its economy and...
https://www.swedishclub.com/news/member-alert/eus-adopts-16th-sanctions-package-against-russia/
Electronic (Paperless) Trading – IQAX Limited – Approval of the IQAX eBL interoperable addendum
The International Group (‘the Group’) previously approved the IQAX eBL system (see Circular 2679.1/2022). The legal documentation and terms of use associated with the use and operation of the IQAX eBL system is in the IQAX eBL Service Terms and Conditions dated 17 February 2022. This documentation...
Electronic (Paperless) Trading – ICE Digital Trade Management Limited (ICE): Update to ICE Access Agreement
The International Group previously approved DSUA 2021.1, DSUA 2023.1 and the ICE Access Agreement (2023.1). All of these continue to be approved. Changes in ICE Access Agreement (2024.1) to allow for interoperability This circular confirms approval bythe International Group of an updated version of...
War Risk Insurance Terms for 2025
The terms of War Risk Insurance for 2025 are outlined in the below Circular No 447/2024. Enclosure 1 Club Clauses for War Risk Insurance 2025 Enclosure 2 List of Areas of Perceived Enhanced Risk
https://www.swedishclub.com/news/circulars/war-risk-insurance-terms-for-2025/
Protection & Indemnity Insurance 2025/2026 Part 2
The Swedish Club provides P&I cover for its members for each and every accident and/or occurrence up to approximately USD 6.8 billion. The high limit is needed to adequately protect members/shipowners financially and to make sure that they are covered for accidents that may occur under worst-case...
https://www.swedishclub.com/news/circulars/protection-indemnity-insurance-2025-2026-part-2/
Protection & Indemnity Insurance Terms 2025/2026
The Board of Directors met in London on 21 December 2024 to review the Club’s financial position and consider renewal requirements for the coming policy year 2025/2026. The terms for Protection & Indemnity Insurance for the 2025/2026 policy year are outlined in the below circular. Enclosures to the...
https://www.swedishclub.com/news/circulars/protection-indemnity-insurance-terms-2025-2026/
Freight Demurrage & Defence Insurance Terms 2025/2026
The terms for Freight Demurrage & Defence Insurance for the 2024/2025 policy year are outlined in the below circular. Enclosures to the circular:
https://www.swedishclub.com/news/circulars/freight-demurrage-defence-insurance-terms-2025-2026/
Electronic (Paperless) Trading – ‘Covantis eBL powered by Secro’
Members are referred to 2703.1/2023, by which the International Group (‘the Group’) approved the updated version of the Secro Customer and User Agreement (dated 13 November 2023) and the use of an additional Secro standard e-bill subject to English law and the Electronic Trade Documents Act 2023...