CHILE - FRONTED INSURANCE Q&A

CAVE & CIA from Chile has prepared a Q&A based on frequently asked questions explaining various aspects of the fronting business in Chile

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URUGUAY - CHADWICK WEIR FACILITATED THE SIGNATURE OF THE MOU TO RESPOND TO LARGE CASUALTIES BETWEEN IGP&I AND URUGUAYAN COAST GUARD

The International Group signed a Memorandum of Understanding with the Uruguayan Coast Guard at a ceremony held in Montevideo on October 30th., 2020.

The Uruguayan Coast Guard Senior Officer, Rear Admiral José Luis Elizondo, and P&I Clubs´ correspondent in Uruguay, Cpt. Alejandro Laborde, on behalf of the IGP&I, signed the MOU.

The aim of this engagement is to promote cooperation between the local authorities and the International Group, in order to facilitate an expeditious and effective response to major maritime casualties and incidents, especially those including actual or potential operations for the removal of wrecks, as well as to minimize the impact on environmental damages or threats thereof.

By working promptly and efficiently, and engaging in training together, it is expected that if a major incident occurs actually, losses will be minimized or even prevented.

Our Member Chadwick Weir Navegación worked over 3 years together with the IGP&I and the Uruguayan Coast Guard to achieve this MOU, thus highlighting what SAPIC sustains with respect to the essential role of P&I Correspondents in facilitating the relationship among the P&I Clubs, the local authorities and the marine industry of each country.

This follows the successful execution of similar MOUs in South America with Venezuela, Chile and Argentina.