The fleet profile by trade type is set out in Table 2. The Club entry profile broadly reflects the world


fleet, though the Club has slightly higher relative entries of some trade types such as tankers and gas vessels.


Table 2: UK Club owned tonnage profile at 20th February 2011 by trade type Tanker 29%


Bulk Carrier 33% Container 15% Gas Carrier 12%


Passenger 3% Car Carrier / RoRo 2% Other 6%


At the 2011 renewal, 14 per cent of the Club’s Members changed deductible terms, slightly less than the 20 per cent the year before. As inflation continues for most types of claim, in particular routine crew claims, the Club continues to encourage Members to review deductible levels. Appropriate deductible levels are important for the results of Members and for the Club as a whole, and the Board will once again review standard levels of deductibles in October 2011.


During the year the Club continued to stress the importance of the quality of the membership. Ship inspections took place on 350 vessels and the inspectors endeavour to work cooperatively with Members to identify best practices and share the Club’s loss prevention experience. Importantly, the Club maintains cautious policies when considering new owners for entry in the Club. During the year, the Club declined to offer quotes for more than 5 million gt which did not meet the Club’s underwriting standards.


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