We provide protection and indemnity cover with other insurances for shipowners, charterers and offshore energy operators. We are S&P ‘A’ rated and one of the premier mutual P&I insurers by tonnage and membership.
Teams of marine and technical personnel provide advice and best
practices that underpin our ability to manage risks, deliver value and sustain financial security
Through offices in major hubs and a network of correspondents we cover
the globe, responding to incidents with immediate, practical advice and ongoing support to resolve matters as positively as possible.
Standard Club is a specialist marine and energy insurer known for its diverse membership, pioneering loss prevention expertise and attractive pricing.
Members are advised regarding the latest announcement from the Ministry of Transportation and Communications (MOTC) of Taiwan which requires all foreign vessels entering Taiwanese ports to use 0.5% sulphur fuel or other compliant fuel from 1 January 2019.This measure is aligned with IMO's mandate requiring the global sulphur cap in marine fuels to be lowered to 0.5% from the current 3.5%, starting from 1 January 2020. However, Taiwan has decided to implement the measure a year earlier. The MOTC has also announced an incentive grant of NT$5,000 (around USD 172) to all ships entering regional ports that have changed to compliant fuel before the implementation date of 1 January 2019, starting from 1 February to the end of the year. Members are therefore recommended to ensure that their ships due for calling at any Taiwanese port comply with relevant requirements and regulations. For more details, please refer to the MOTC official letter and KR Class notice.