At the Board Meeting in Bangkok on 27 March 2025, the Board of Directors made the following decisions in respect of the open policy years: 2021/2022 To close the policy year with no supplementary call. 2022/2023 To close the policy year with no supplementary call. 2023/2024 To reduce the release...
Circulars – P&I
Carriage of Direct Reduced Iron (DRI)
Introduction Direct reduced iron (DRI) in various forms is described in the International Maritime Sold Bulk Cargo (IMSBC) Code, (hereinafter, the Code). The latest addition, which becomes a mandatory part of the Code from January 2025, is the entry for the Type D, by-product fines with a moisture...
https://www.swedishclub.com/news/circulars/carriage-of-direct-reduced-iron-dri/
Update to Circular dated 12 March 2025 regarding the recent sanctions against Russia: EU FAQs related to the Infrastructure Transaction Ban
(Article 5ae of Council Regulation EU no. 833/2014) We refer to our Circular dated 12 March 2025 on the 16th package of sanctions against Russia adopted by the EU. We noted in the Circular that the package included Article 5ae of Council Regulation 833/2014 introducing a ban to engage in any...
The Oil Price Cap and EU 16th Sanctions Package – continued requirement for voyage attestations
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...
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...
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...
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/
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...