Background for Resolutions
Annual resolutions of the Directors are required in order to provide War Risks P&I Excess Cover, and to provide cover for Biochem risks; and in order to determine the limits applicable to cover for Pollution risks.
Full advisory at the following link:
https://www.ukpandi.com/media/files/uk-p-i-club/circulars/2024/uk-circular-03-24.pdf