PAYMENTS TO THE ASSOCIATION’S BANK ACCOUNT

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 of several cases involving other insurers where payment has been made to the wrong bank account following the interception of and/or fraudulent changes made to emails or other communications providing details of the insurer’s bank account for the remittance of premium or other charges.

The details of the Association’s existing bank account with Westpac, Auckland have remained unchanged for several years. In the event that Members or Brokers should receive any message purporting to come from any correspondent office of the Association, or any other party, instructing that payment be made to an account whose details in any way differ from those of the Association’s existing Westpac bank account, they are strongly urged before making any payment to communicate by telephone or WhatsApp with their usual contacts in the UK, Singapore or Dubai correspondent offices of the Association in order to verify the details of the bank account to which payment should be made.

Members and Brokers are urged to distribute this circular to all persons in their office involved in making such payments. The fraudsters always rely on the request for payment being treated as entirely routine and not requiring further checking.

Yours faithfully

The Board of Directors
Maritime Mutual Insurance Association (NZ) Ltd

Download Circular

More Circulars

Oil and Oil Products Price Cap
Notice and Endorsement

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….

Read More »

STS Transfers Circular 24-11-2021

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.

Read More »

Club Circular Rule Changes for 2017

December 2016, To all Members: MARITIME LABOUR CONVENTION 2006 (MLC). The MLC entered into force on 20 August 2013. To date it has been ratified by some 80 states. These states are listed in alphabetical order on the International Labour Organization (ILO) MLC database which can be accessed on the ILO website.

Read More »