2_PHAISTOS_-_Debit_Credit_Summary.pdf (513 kB) 25/04/2025
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29/09/2014
In common with other leading mutual such as the International Group P&I Clubs, the UK War Risks Club issues a certificate of entry which evidences the shipowner’s insurance and highlights some key aspects of the cover. The Club issues an individual certificate of entry for each ship which takes account of the varied assureds that may be included in that cover, the specific insured values of both hull and other interests, the time period and also key terms of cover such as the enhanced limit of war risks P&I cover, definition of the AP areas at the time of issue, recognition of mortgage interests, ISPS compliance etc.
The Club’s brokerage credit note follows a similar format to the main debit note. The credit note number is displayed in bold capitals in the title for ease of reference. The computation of brokerage on the gross premium is also clearly displayed
