LPSR - Philippines05-May-2016

Regarding the “Professional Negligence Penalty” term item 7, ATS Philippines proposed for 2 times of Survey fee that is getting reasonable. However, members still feel that ATS should be available to cover all of these potential risks in their P&I Issuance policy to Philippines government, not really necessary to ask their supportive affiliates for this penalty. Still suggest QIS Philippines to bring up this issue to ATS Philippines for further consideration.