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MODERN SLAVERY STATEMENT

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The London P&I Club’s Modern Slavery and Human Trafficking Statement

This Statement is made pursuant to section 54 of the Modern Slavery Act 2015 and
constitutes The London P&I Club’s Modern Slavery Statement and is for the
financial year ended 20 February 2024.

Organisational structure, the Club’s business and supply chains

The Club is a mutual P&I Club providing P&I, War Risks and FD&D cover to
ship-owners and charterers worldwide.  The Club provides claims handling and
advisory services to its policyholders from its London, Piraeus and Hong Kong
Offices, through the Managers (A Bilbrough & Co. Ltd) and a global network of
correspondents. 

The Club’s supply chains include the supply of services, which encompass
dealings with professional services providers such as the Managers,
correspondents, auditors, lawyers, loss adjustors, and surveyors. 

The Club’s policies in relation to modern slavery and human trafficking

The Club has a zero tolerance policy in respect of slavery and human trafficking
and is committed to ensuring that there is no modern slavery or human
trafficking in any part of its business, and where possible, in the Club or its
Managers’ suppliers.  The Club also encourages its Members to implement a zero
tolerance policy in respect of modern slavery and human trafficking.

The Club mitigates its modern slavery or human trafficking risks through its
policies and procedures relating to:

·       Employment of staff and directors

·       Prevention of bribery and corruption

·       Compliance

·       Whistleblowing

·       Outsourcing

·       Claims handling

·       Risk management

 

 

Risk Assessment

The Club only deals with professional firms, does not act as a manufacturer or
retailer of physical goods and has no supply chain in relation to such
activities.  Non-professional services such as facilities management, in-house
catering and cleaning services are provided to the Club’s Managers in their UK,
Greece and Hong Kong offices.  The Managers are required to comply with the
policies above. There is therefore minimal risk that the Club, or the
professional firms which support its business activities are involved in, or
complicit in, slavery and human trafficking. 

The Club’s due diligence and risk management processes in relation to slavery
and human trafficking

The Club’s Outsourcing Policy and related procedures provide guidance on the
assessment of new third party service providers and details the due diligence
processes to be performed prior to their appointment and the requirement for a
written agreement to be in place.  Where a risk has been identified, we shall
check the service provider has taken steps to prevent modern slavery and human
trafficking in its supply chain and, where applicable, obtain a copy of the
supplier’s Modern Slavery Statement. In addition, the written agreement will be
enhanced to include explicit terms to cover zero tolerance of modern slavery and
human trafficking. 

Training provided to Directors and staff

To maintain awareness and understanding of the Club’s obligations in accordance
with the Modern Slavery Act, all staff and Directors of the Club’s Managers have
been made aware of this Statement. Additionally, the Club’s Whistleblowing
Policy enables them to report any concerns they might have with the Club’s
compliance with applicable laws and ethical standards.  Training on modern
slavery and human trafficking has been provided to all staff, and annual
reminders are issued.  As part of their induction, all new staff must also
undergo training on Modern Slavery and Trafficking.   Guidance on this Policy
Statement is also included in the Staff Handbook. 

No additional actions have been identified for the forthcoming financial year
and beyond.

The Club’s Directors reviewed and approved this Statement at its 16 July 2024
Board meeting. 

Signed by Anthony Jones, Director

17 July 2024

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