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ALCO Subsidiary in Singapore
We are pleased to advise that ALCO Group acquired Kim Insurance Brokers Pte Ltd last year to meet the expanding business.
The Company name was officially changed to ALCO Insurance Brokers Pte Ltd on 27th March 2013. As the subsidiary of ALCO in Singapore, ALCO Insurance Brokers Pte Ltd will provide Insurance and Legal Consultants service to the clients from Singapore.
This is the first foreign broker approved by MAS to acquire a local Singapore broker.
Piracy
Today’s pirates use state-of-the-art weapons instead of cutlasses and canons. They comb coastal waters in high-speed boats and operate on the high seas from motherships. Modern pirates operate both in ports and on the open sea. Their crimes range from simple theft to stealing entire ships and murder.
Liquefaction
Iron ore fines and nickel ore are frequently presented for loading in a dangerous condition. The International Maritime Solid Bulk Cargoes Code (IMSBC Code) sets out the internationally agreed provisions for the safe stowage and shipment of solid bulk cargoes, including cargoes that might liquefy such as iron ore fines and nickel ore.
Sanctions
Recent guidance & corresponding material in respect of international sanctions against various countries has been updated.