Council has approved an increase to full Members’ fees as follows:

2024 Maximum fee 79,950 >> 2025 Maximum fee 85,000
2024 Minimum fee 6,585 >> 2025 Minimum fee n.a.
2024 Fee per ship 1,880 >> 2025 Fee per ship 2,000
2024 Fee per DWT 0.0095 >> 2025 Fee per DWT 0.01

However, in order not to disproportionately affect Members with the smallest fleets,
Council agreed to remove the minimum fee charge and to calculate subscriptions based
on actual vessels entered.