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FINAL_EoYR-2018-v8.pdf
Preview of https://www.ukdefenc e.com/fileadmin/uplo ads/uk-defence/Docum ents/End_of_Year_Rev iews/2018/FINAL_EoYR -2018-v8.pdf
🔗 Source: ukdefence.com
📊 Size: 595 KB
📄 Pages: 16 pages
⬇️ Downloads: 48

Summary

The UK Defence Club's Chairman, Petros Pappas, reports on the Club's successful year, with 4,200 ships entered, £34.1 million in free reserves, and a £4.9 million net surplus. He foresees significant issues ahead due to regulatory changes, particularly regarding low sulphur fuel oil, which may lead to a volatile claims environment. The Club provides legal costs insurance of up to $15 million, has no mandatory deductibles, and has never imposed release calls or supplementary calls. A continuity credit scheme offers up to 9% credit to Members, and the Club has supported many leading cases, with over 90% of cases supported to the full extent requested.

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The UK Defence Club's Chairman, Petros Pappas, reports on the Club's successful year, with 4,200 ships entered, £34.1 million in free reserves, and a £4.9...

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  • Pages: 16
  • Language: EN
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  • Last Updated: 5 hours ago

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