10 November 2004
Calls, including Advance Call for 2005/06 (5.34)
This circular sets out London P&I’s decisions on open policy years, including release call rates, deferred call rates and the advance call for the 2005/06 policy year.
It confirms the year-end position for 2001/2002, keeps the release call rates unchanged for 2002/2003 and 2003/2004, and maintains the 2004/2005 deferred and release call settings. It also explains the background to a 12.5% general increase in the advance call for 2005/06.