“The International Group have been asked to comment on the changes to war coverage provided by P&I Clubs following the attacks on Iran and Iran’s subsequent retaliation against Gulf States which support US military bases. We set out these changes separately for mutual owned coverage and for non-mutual covers offered by individual IG P&I Clubs,… Read more: The International Group effort to Save Face on Changes to War Coverage by P&I Clubs

1. Background NorthStandard Club has received a Notice of Cancellation from its reinsurers in respect of certain war risks reinsured in the commercial market. Consequently, the Club has issued a corresponding Notice of Cancellation to Members and insureds. This affects specific War Risks extensions attached to P&I and related covers. 2. Covers Affected The Notice… Read more: War Risks – Notice of Cancellation for Certain Covers from P & I Clubs

BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme Allowances Clause for use with BARECON 2017 to help parties allocate emissions compliance responsibilities under bareboat charter agreements.   The clause aligns with existing contractual structures while supporting compliance with the EU ETS and similar emission trading schemes. It is the latest addition to BIMCO’s portfolio of… Read more: ETS Allowances Clause for BARECON Adopted at BIMCO

A complaint has been filed in the U.S. District Court for the District of Columbia seeking to forfeit the Motor Tanker Skipper – a crude oil tanker seized by the United States on the high seas in December 2025 – and approximately 1.8 million barrels of crude oil cargo supplied by Petróleos de Venezuela, S.A.… Read more: USA Seeks Forfeiture of Oil Tanker and 1.8M Barrels of Crude Oil That Supported Iran and Venezuela

MIAMI – Coast Guard Cutter Richard Etheridge’s crew interdicted a suspected smuggling vessel, Saturday, at approximately 2:15 p.m., about 8 miles offshore of Miami. During the boarding, the joint law enforcement crew found approximately 17 pounds of marijuana and 174 pounds of cocaine, later confirmed through laboratory testing, worth an estimated $1.3 million. The two… Read more: USCG Interdicts Drug Smuggling Vessel, Seizes $1.3M in Narcotics