Shipowners are set for a premium bonus as three protection and indemnity clubs indicate they will be charging less for cover and not seeking any general increase.
Gard, Steamship Mutual and the Standard clubs will not collect the full premium originally forecast, following a similar move by the Britannia Club last week.
More premium returns and announcements of renewal on expiry terms appear to be in prospect, as the P&I renewal season gets underway.
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