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.
Oil prices collapsed in early March due to the huge drop in consumption caused by the pandemic coupled with the price war. High storage levels and cheap prices have pushed oil traders to charter ships for floating storage. It has been reported that over 40 million barrels of oil is destined for the US Gulf and the west coast in the next few weeks.The USCG has issued a news release that it is monitoring the increased presence of oil tanker vessels near the ports of Los Angeles and Long Beach. Due to the unique nature of this situation, the Coast Guard is constantly evaluating and adapting its procedures to ensure the safety of the vessels at anchor and the protection of the surrounding environment. We recommend members to exercise caution and ensure that they are in consultation with the USCG to ensure that the ships are anchored in a safe and sheltered location. The USCG news release is available here.