Members noted changes to EU sanctions under Package 18, reducing the Russian crude oil price cap. The LMA confirmed existing attestation clauses remain effective, with further guidance to follow.

Sub-committees reported progress on navigation limits, JH143, and yacht clauses, including helicopter risks on yachts and lithium battery compliance. An Old Library event was scheduled for 2 October to explore helicopter risks on yachts.

Surveyor insights highlighted extended delays in machinery replacement, impacting claims and loss of hire. Salvage challenges in the Gulf of Aden and recent high-profile claims were discussed.

Other business included preparations for the Hull Insurance Dinner and London Shipping Week, and an enquiry from the European Space Agency regarding satellite navigation outages. LIIBA engagement on expert fees continues, with further dialogue planned.