Trident Star – Signing of Agreement on interim payments

On 26 September 2017, the Director was pleased to welcome to the Funds’ offices Mr Paul Smit, Head of Claims at the Singapore branch of the Shipowners’ Club, to sign an agreement between the two organisations on the handling of interim payments in relation to the Trident Star incident (Johor, Malaysia, August 2016). This is the first time that the recently approved standard terms for agreements between the International Group of P&I Clubs and the IOPC Funds relating to interim payments have been used.