International Group Clubs - P&I/FDD General Increases 2013

Club

Class

General Increase

Applied to

Changes in Estimated
Supplementary or Deferred Call

Overall
Increase in ETC

American Club

P&I

10%

Est. Total Call Premium

Remains 0%

10%

FDD

10%

Est. Total Call Premium

Remains 0%

10%

Britannia
Club
*

P&I

12.5%

Advance Call

Increased to 45%

16.5%

FDD

10%

Advance Call

Remains 50%

10%

Gard Club

P&I

5%

Advance Call

Remains 25%

5%

FDD

5%

Advance Call

Remains 25%

5%

Japan Club

P&I

5%

Advance Call

Remains 40%

5%

FDD

0%

Advance Call

Remains 20%

0%

London Club

P&I

12.5%

Annual Call

Remains 0%

12.5%

FDD

12.5%

Annual Call

Remains 0%

12.5%

North of England
Club
**

P&I

15%

Mutual Premium

Remains 0%

15%

FDD

10%

Mutual Premium

Remains 0%

10%

Shipowners Mutual Club

P&I

5%

Est. Total Call Premium

Remains 0%

5%

FDD

5%

Est. Total Call Premium

Remains 0%

5%

Skuld
Club
***

P&I

NIL

Advance Call

Remains 0%

NIL

FDD

NIL

Advance Call

Remains 0%

NIL

Standard Club

P&I

7.5%

Est. Total Call Premium

Remains 0%

7.5%

FDD

15%

Est. Total Call Premium

Remains 0%

15%

Steamship Mutual Club

P&I

7.5%

Mutual Premium

Remains 0%

7.5%

FDD

7.5%

Mutual Premium

Remains 0%

7.5%

Swedish Club

P&I

7.5%

Advance Call

Remains 0%

7.5%

FDD

5%

Advance Call

Remains 0%

5%

UK Club

P&I

7.5%

Mutual Premium

Remains 0%

7.5%

FDD

7.5%

Mutual Premium

Remains 0%

7.5%

West of England
Club
****

P&I

3.5%

Advance Call

Increased to 35%

7.5%

FDD

5%

Advance Call

Increased to 35%

9%


* A one-off 7.5% rebate off the Advance Call for the 2013 Policy Year has been allowed.

** The renewal announcement also requires that "legal costs and other expenses" are to be applied to deductibles.

*** Increases will be applied based on individual members' records and on perceived overall global risk factors.

**** The headline General Increase does not apply to the general excess of loss reinsurance costs and the Deferred Call has been increased from 30% to 35%.