Sirküler

January 2019 / International Group P&I Clubs 2019 / 20 - The excess loss of reinsurance program

It has come to our attention that on our email circular of 24 December 2018 (ref: 2018/266), while the 2019 reinsurance rates are correct, some of the 2018 rates have erroneously been entered those of 2017 therefore leaving a wrong result of difference between 2018 and 2019.  We greatly apologise for this inconvenience.  Below please kindly find the amended table.

 

2019/20 rates summary

 

Tonnage Category

2018 rate per g.t.

2019 rate per g.t.

% change from 2018

Difference to previous year

PERSISTENT OIL TANKERS

$0.5845

$0.5747

% - 1.68

-$0.0098

CLEAN TANKERS

$0.2626

$0.2582

% - 1.69

-$0.0044

DRY CARGO VESSELS

$0.4038

$0.3971

% - 1.67

-$0.0067

PASSENGER VESSELS

$3.2707

$3.2161

% - 1.67

-$0.0546