20/02/2015
The Association's Rules for the 2015 Policy Year.
09/02/2015
The Nigerian Federal Government has made clear it will not hesitate to detain any ship entering the country's territorial and coastal waters with security escorts on board, whether armed or unarmed. As this executive power notified by NIMASA is not of itself a war risk Members should be aware that the detention of a ship by Nigerian authorities may be excluded from cover; for example by Rule 4.E.4: Warranties, Conditions, Exceptions and Limitations - Fines Penalties etc.
20/01/2015
We are writing to advise Members of the rates which will be charged and the terms and conditions of cover which will apply for the Association's 2015 Policy Year.
The Directors have agreed the gross rates of Annual Premium to be charged for the 2015 Policy Year. The rates as set out in Circular C1-2015 dated 20 January 2015) correspond to a reduction of 25% on the expiring year rates.
08/01/2015
Press reports have quoted the commander of the Libyan Air Force, Brigadier Saqr Al-Jaroushi, as saying "any vessel or cargo ship approaching the port of Misrata would be targeted directly and immediately" as of Friday 9 January.
12/11/2014
Nearly 150 incidents of piracy and armed robbery against ships have been reported in Asia since the start of 2014 by the Singapore based agency ReCAAP in their monthly and quarterly reports. Copies of these reports are freely available on their website www.recaap.org/ .
10/11/2014
Two separate armed attacks on ships in as many days are worrying as both ships appeared to have been underway at the time. To date, stationary ships had been targeted by armed gangs.
17/10/2014
Maritime industry releases updated anti-piracy guidelines for the Gulf of Guinea region
01/10/2014
Download a copy of the Directors' Report and Financial Statements for the year ended 20 February 2014 or contact the Managers if you require a hard copy.
24/09/2014
The Association achieved a sound financial result at the year end with reserves increasing further to $32.6 million. Please contact the Managers if you would like a hard copy of the review.
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