Russia-Ukraine Crisis
In the light of the tragic events unfolding in Ukraine, Thomas Miller and its businesses are proactively supporting their members in managing the impacts of the conflict and reviewing their relationships with members based in or connected with Russia.
Thomas Miller is assessing the effect of the new sanctions that are changing daily across a wide range of jurisdictions and will comply with any prohibitions and designations laid down by sanctions regulations applicable to its operations.
Our managed Clubs and businesses have set up dedicated resource centres to support their members:
ITIC
This page collates updates, circulars and other material relevant to the current crisis in Ukraine. If members become aware, or have concerns, that their clients and/or parties in a transaction have become a sanctioned entity, or are concerned as to whether the sanction regimes apply to any of their transactions, they should contact specialist sanctions lawyers as soon as possible.
TT Club
Important information supporting all Members and brokers in difficult times.
UK Defence Club
The sad and unfortunate armed conflict in Ukraine will inevitably have a significant impact on shipping and trade, giving rise to contractual issues under charterparties and other commercial agreements. Members are encouraged to visit our dedicated Ukraine Issues website page for FAQs, updates, and guidance regarding the developing situation.
UK P&I Club
This page collates updates, publications and other material relevant to the current crisis in Ukraine. The resource page will be updated with additional material as the situation changes. Members are advised to check for updates regularly.
Hellenic War Risks Club
The Association's Additional Premium (AP) Areas are being amended to include the Sea of Azov, Black Sea waters, inland waters of Ukraine, Belarus and Russia. The new areas will come into effect from 00.01hrs on 19 March 2022. Members are advised to visit the Club's website for updated circulars which define the limits of the AP areas.
Hellenic Club news & resources
UK War Risks Club
The Association's Additional Premium (AP) Areas are being amended to include the Sea of Azov, Black Sea waters, inland waters of Ukraine, Belarus and Russia. The new areas will come into effect from 00.01hrs on 19 March 2022. Members are advised to visit the Club's website for updated circulars which define the limits of the AP areas.
UK War Risks Club news & resources
Thomas Miller Investment
Russia’s invasion has triggered a series of reactions, including a raft of sanctions and financial market upheaval. Thomas Miller Investment's Chief Investment Officer, Abi Oladimeji, latest commentary focuses on the economic and financial market impact of the ongoing conflict and assesses the implications for client portfolios.
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On Wednesday 21st March representatives from across the Thomas Miller Businesses (incl. UK P&I Club, TT Club, ITIC, Thomas Miller Specialty and UK War Risks & Hellenic War Risks Club) hosted a workshop in Athens on Understanding the Maritime Cyber Threat.
The Thomas Miller Group, including all owned and managed businesses will comply with GDPR with effect from the 25th May 2018.
The UK P&I Club, managed by Thomas Miller, completed a very successful renewal, benefitting from the ongoing support of its Members