Loss Prevention Advice
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Policy Year 2023/24 - Annual Attestations of Price Cap compliance
As per the a circular of 23 February 2023, Shipowners potentially involved in the carriage of Russian origin oil and/or petroleum products are required for the policy year 23/24 to submit an annual attestation of Price Cap compliance in the form set out in annex A of the circular. Cover for claims arising out voyages connected with the carriage of Russian origin cargo may be unavailable until the Club has received such attestation.
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SEASONAL CARGOES
In the upcoming months, shipowners and masters are reminded of the anticipated surge in seaborne trade volumes, attributed to the seasonality of Brazilian soybean, wheat and fertiliser. This article aims to shed light on the expected increase in shipping activities and directs shipowners and masters to informative articles previously published by the Club, offering insights into the issues and precautions required for the carriage of these specific cargoes.
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The Philippines is one of the largest exporters of nickel ore. Concerns have been voiced by various industry bodies regarding the reliability of cargo declarations, certificates of Transportable Moisture Limit (TML), and Moisture Content (MC), for nickel ore cargoes originating from the Philippines.
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The United Kingdom Maritime Trade Operations (UKMTO) informs that it received a report of a boarding incident onboard a bulk carrier, 600 nautical miles east of Mogadishu, Somalia
Vessels transiting through the area off Somalia are urged to exercise caution and report any suspicious activity to the United Kingdom Maritime Trade Operations (UKMTO), according to their statement. The advisory did not provide specific details about the bulk carrier boarding.