Payment of Calls by Instalment (5.272)

London P&I confirms that, because of harsh trading conditions, Members may pay calls by instalment to help ease cash flow pressures.

For the 1999/2000 year, P&I and Freight, Demurrage & Defence (FD&D) advance calls are payable in four instalments. Supplementary calls for earlier years are payable in two equal instalments. London P&I says these arrangements will be reviewed annually.