Sirküler

December 2019 / International Group P&I Clubs 2020 / 21 Excess Loss of Reinsurance Program

Below you may find the 2020 excess loss of reinsurance rates of the International Group Clubs which is achieved “as expiry” of the 2019 programme. This programme is commonly purchased by all the International Group Clubs and for their claims which are in excess of $100 million up to $2.1 billion.

The individual Club retention will remain unchanged at US$10 million for the 2020/21 Policy Year. The attachment point on the GXL programme will also remain unchanged at US$100 million 

Please find detailed information of this renewal.

2020/21 rates summary

 

Tonnage Category

2019 rate per gt

2020 rate per gt

% change from 2019

PERSISTENT OIL TANKERS

$0.5747

$0.5747

% 0

CLEAN TANKERS

$0.2582

$0.2582

% 0

DRY CARGO VESSELS

$0.3971

$0.3971

% 0

PASSENGER VESSELS

$3.2161

$3.2161

% 0