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Standard Club

The Standard Steamship Owners’ P&I Association (Bermuda) Limited
The Minster Building, 21 Mincing Lane, London, EC3R 7AG
standard-Club.com t +44 (0)20 3320 8888

Managers: Charles Taylor & Co (Bermuda)

Entered GT by vessel type

Entered GT by vessel type
Number of ships (owned entries only)
2019 2018 2017
11,065 10,831 10,831
Total owned entered GT
2019 2018 2017
131,800,000 126,200,000 116,200,000
Total chartered GT
2019 2018 2017
26,700,000 24,000,000 24,000,000
Total MOU chartered GT
2019 2018 2017
9,504,217 8,900,000 8,900,000

Entered GT by region

Entered GT by region

Income Statement (year ending - 20th February) USD 000s

  2019 2018
Income Calls and premiums 370,500 334,300
Excess Calls 0 0
Reinsurance Premiums -80,700 -80,800
Total Income 289,800 253,500
Expenditure Net claims incurred -274,000 -232,300
Net operating expenses -81,100 -45,700
Total expenditure -355,100 -278,000
Underwriting result pre investment/other financial income and tax -65,300 50,600
Investment/other financial income 11,600 4,900
Tax/interest charged -7,400 4,900
Overall result -61,100 31,000
Free reserves 434,700 461,500

Breakdown of investment by type

Breakdown of investment by type
S&P Rating Current Rating 2018
Rating A A
Outlook Stable Stable
Type of rating Interactive Interactive
Policy Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
General Increase % 3 3.5 5 7.5 12.5 5 2.5 0 0 0
Supplementary Call Record % 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0 0/0

Release Call Percentage - as at 20 February 2019

2016 2017 2018 2019
0% 0% 0% 6%

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