20 October 2000
Calls, including Advance Call for 2001/2002 (8.063)
London P&I confirms the call arrangements for Class 8 Freight, Demurrage & Defence, including the close-out position for earlier policy years and the advance call for 2001/2002.
The Committee decided not to increase the standard advance call rate for 2001/2002, set the release call rate at 50%, and confirmed that cover may continue without a mandatory deductible, subject to an appropriate increase in the advance call rate.