[ UK P&I Club Premium Call Decisions ]

For the sixth time in seven years, the UK P&I Club has reduced its sup
plementary call for a policy year. The directors decided to cut the or
iginally planned supplementary call for 1998 from 40 to 30 percent at
their meeting in Hong Kong.
The Club, which has a lower advance call than most other P&I Clubs, ha
s been able regularly to reduce or maintain estimated supplementary ca
lls because of the continuing strength of its reserves and investment
income.
The directors decided not to order a general increase in premium ratin
g for the 2000 policy year. However, they directed the managers to ens
ure that the general premium level of the Club was maintained.
The directors also agreed that members will be debited in the year 200
0 for mutual premium in place of the current advance and planned suppl
ementary call.