Oil and Oil Products Price Cap
Notice and Endorsement

The Association has recently become aware of an unfortunate development at the Port of Lome, Togo in West Africa. Vessels lying at anchor off Lome

SUBJECT: CIRCULAR LETTER ON THE SUSPENSION OF SERVICES FOR VESSELS HOLDING CLC, CLC B, AND WRC INSURANCE CERTIFICATES GUARANTEED BY THE CLUB BY THE MINISTRY OF TRANSPORTATION OF THE REPUBLIC OF INDONESIA

The members of the G7, the European Union and Australia (together, the “Price Cap Coalition”) have agreed to implement a prohibition on the maritime transportation of certain oil (HS code 2709 / CN code 2709 00 / HTS code 2709.00) and oil products (HS code 2710 / CN code 2710 / HTS code 2710) (together “Russian Oil Products”), originating in or consigned from Russia, from a place in Russia to a third country or from one third country to another.

This circular is directed at those Members whose cover includes cargo liability under Class 1 Rule 4.19. 

The members of the G7, the European Union and Australia (together, the “Price Cap Coalition“) have agreed to implement a prohibition on the maritime transportation

To the Members It should be noted that the following amendments to Rules will be effective from the 20th February 2023. GENERAL RULES Rule 29.d

To the Members/Brokers, Although this has not happened so far with any payments intended to be made to the Association’s bank account we are aware

It should be noted that the following amendments to Rules will be effective from the 20th February 2022

Transferring crude oil and petroleum products from one tanker to another at sea has been a common practice for many years. STS transfers involving tankers of 150 gross tons or above have since 1 January 2011 been regulated by MARPOL, Annex 1, Chapter 8 (Regulations 40 to 42). Such vessels are required to carry an STS operations plan which complies with these regulations and has been approved by the flag state of the vessel.

20th July 2021 To All Members whose vessels trade in Indonesian Waters IMO CONVENTION LIMITS AFFECTING THE ASSOCIATION’S MEMBERS TRADING IN INDONESIAN WATERS There are