Supplementary and Release Calls (5.237)

This circular sets out London P&I’s supplementary and release call position for the open years reviewed by the Committee on 16 April 1997. It confirms the latest rates for each year and reflects the continued stability of the Association’s financial position.

• 1994/95: release call remains at 10% until formal closure.
• 1995/96: release call reduced from 20% to 10%.
• 1996/97: supplementary call of 40% to be levied in August 1997.
• 1997/98: supplementary call estimate remains at 40% and release call at 60%.