Engagement with LIIBA was a key focus, with both parties expressing a desire for closer collaboration on clauses, fees and operational challenges, including market-wide payment processing issues. 

Geopolitical developments in the Middle East were discussed, particularly the implications of potential Iranian transit tolls. Members highlighted legal, sanctions and regulatory considerations, alongside uncertainty around insurability and the importance of sanctions clauses. Broader operational impacts, including crew welfare and vessel condition, were also noted. 

Other topics included engagement with classification societies on vessel standards, claims inflation analysis, and progress across sub-committees, including navigation limits, yachts and cyber-related clauses. Members also considered emerging risks such as fuel quality and supply chain constraints.