Group Excess Reinsurance Rates 2012/2013
Please find below the overview of the Group Excess Reinsurance Rates 2012/2013. We are pleased to note the Estimated Total Cost (ETC) rates show reductions in all four categories this year. This is the third consecutive year of reductions in all categories with the exception of Dry Cargo. Clean Tankers will receive the largest percentage reduction (8.41%).
Those Clubs still charging an Advance Call will apply a proportion of the new rates to their Advance Call Rate, according to the level of their estimated Deferred Call.
|
2011/12 ETC Rate
|
2012/13 ETC Rate
|
Reduction |
Reduction in ETC Rate
|
|
|---|---|---|---|---|
| Tanker Dirty | 0.7038 | 0.6515 | 7.43% | -0.0523 |
| Tanker Clean | 0.3055 | 0.2798 | 8.41% | -0.0257 |
| Dry | 0.3709 | 0.3561 | 3.99% | -0.0148 |
| Passenger | 1.478 | 1.3992 | 5.33% | -0.0788 |
2012 Oil Pollution Surcharge US Voyages
For 2012, rates have been reduced by 30%. This results in the following US Voyage Surcharges for 2012:
| 2011/2012 Additional Fixed Premium | 2012/13 Additional Fixed Premium | |
|---|---|---|
| Vessels With SBT | 0.0566 | 0.0396 |
| Vessels Without SBT | 0.068 | 0.0476 |
Laid Up Rates
| Cents / GT ETC | |
|---|---|
| Tankers | 14.20 (15.39) |
| Non-tankers | 14.84 (15.27 |
| Passenger | 42.12 (44.37) |
| (Figures in parentheses are 2011 allocation) | |