and financial statements 2018
The club recommends its members to share this information with their ships calling Chinese ports or trading in Chinese waters in order to minimize the risk of breaking into fishery farms.
The recent rise of the penalty unit has increased the maximum fine for a spill in Commonwealth waters to $4.2m for a master and $21m for a corporate owner or charterer.
The club has been made aware of a delay of three to four weeks to process vessel additions to an approved vessel response plan (VRP) or non-tank vessel response plan (NTVRP).
The Standard Club sees the development of The Standard Syndicate at Lloyd’s, which was launched in 2015, as an important part of it strategy to become a broadly diversified marine and energy insurer.