This month A&A Multiprime managed to successfully register GARD P&I and SKULD P&I for the first time ever at the Colombian Registry of Foreign Marine Insurers (RAIMAT). This registration allows foreign underwriters, to provide coverage without the need of local fronting. The local fronting requirement increases costs and complicates matters when covering a vessel in [...]
We are glad to announce that this February 2017 we were appointed as listed P&I Correspondents of Standard P&I in the port of Cartagena. Previously we were appointed as Standard P&I Correspondents for all the other Colombian ports, but Cartagena was being attended by a different Correspondent. With this new appointment we keep consolidating A&A [...]
We are delighted to note that P&I Clubs keep recognizing us as the most trusted and qualified Correspondent in Colombia. This February we were appointed as listed P&I Correspondent of Steamship P&I in all Colombian ports. This new challenge and responsability encourages us to keep working hard to provide the best service in Colombia to [...]
We are glad to inform that last July our company was oficially listed as Skuld P&I Correspondent in Colombia (previously we were already Skuld´s H&M Correspondents).
IG Clubs keep choosing our company A&A Multiprime as the most trusted Correspondent in Colombia. Last month we were appointed as exclusive H&M Correspondent of Skuld in Colombia and Central America. Furthermore, the London P&I appointed us as exlusive Correspondent in the ports of Barranquilla, Santa Marta, Buenaventura, Turbo and Puerto Bolivar (previously these ports [...]
Following applicable legislation, all Colombian flag vessels must be insured under policies issued by Colombian Insurance Companies, so this affects the P & I Clubs and fixed premiums facilities that are currently covering Colombian ships. This rule is also applicable to all properties located in Colombian territory. Therefore members or assureds of Clubs and fixed [...]
Colombia recently enacted a new law that relaxed the requirements to offer P&I cover for Colombian flagged vessels trading internationally. This new regulation allows foreign underwriters and brokers to register before the Financial Superintendency and provide coverage without need of local fronting. This year we have successfully finished the registration of 3 P&I Clubs and [...]
In an effort to update and harmonize vessel’s arrest regulations with international standards, in 2000 Colombia adopted Decision 487 on ‘Maritime Liens and Preventive Arrest of Vessels’ issued by the ‘Andean Community of Nations’. However, after almost 10 years Decision 487 has proven very difficult to apply in Colombia, to the point that even today [...]