FIXED PREMIUM RULES AND CORRESPONDENTS 2021-22

The officially released publication containing the fixed premium rules valid for the 2021-22 policy year. The content of the document is arranged in six sections. The first section provides the information about the Directors of the Standard Club including Europe and Asia, while the second section is devoted to the Managers and gives contact details for the quality management, compliance and risk management, finance and secretariat, and loss prevention directors, surveyors and executives, as applicable, in different parts of the world.

The third section of the volume contains the Rules themselves and is, in turn, divided into several parts covering insurance, scope of cover, risks covered, excluded risks and losses, scope of recovery and associated limits, obligations related to the claims, application and entry, ship standards, risk reviews, insurance period, premiums, general terms, conditions and definitions.

The next section is dealing with the additional covers. The last two sections of the publication address the oil spills in the U.S. and provide all required maps and correspondents. In short, one of the needful and practically useful papers, the one that shall be readily available at all times.