Member circulars
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17/2022: Additional amendments to Rules 2023
MEMBER CIRCULAR 17/2230 JAN 2023
As previously announced, due to the ongoing war between Russia and Ukraine, there are further changes to the Rules for P&I and Defence cover for ships and other floating structures and the Rules for P&I and Defence cover for mobile offshore units as a result of changes to the terms of the applicable reinsurances.
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16/2022: Electronic (Paperless) Trading
MEMBER CIRCULAR 16/2226 JAN 2023
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the TradeGo eBL system.
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15/2022: Amendments to Rules 2023
MEMBER CIRCULAR 15/202219 JAN 2023
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
Circular sets out the mendments to the Rules for P&I and Defence cover for ships and other floating structures and the Rules for P&I and Defence cover for mobile offshore units that will enter into force at noon GMT on 20 February 2023. As a result of changes to the terms of the applicable reinsurances, inter alia due to amendments of the war programme as a consequence of the ongoing war between Russia and Ukraine, there will be additional changes to both the Rules for Ships and the Rules for MOUs. These additional changes will be communicated as soon as all reinsurance terms have been agreed.
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14/2022: Reinsurance arrangements for the 2023 policy year arranged through the International Group of P&I Clubs – special P&I war risks cover
MEMBER CIRCULAR 14/2216 JAN 2023
Reinsurance arrangements for the 2023 policy year for P&I entries with Gard P. & I. (Bermuda) Ltd and Assuranceforeningen Gard - gjensidig arranged through the International Group of P&I Clubs.
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13/2022: Notice of Cancellation for War Risks
MEMBER CIRCULAR 13/202223 DEC 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
Notice of Cancellation is given for the war risk cover afforded under the Gard fixed premium insurance products as listed in the attached Circular.
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12/2022: The price cap on Russian oil
MEMBER CIRCULAR 12/202209 DEC 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
Legislation and guidance giving effect to the Price Cap Scheme has recently been published by the European Union, the United Kingdom and the United States and this circular describes the impact of the scheme on shipowners, charterers and cover for such trades by the International Group of P&I Clubs and its reinsurers.
Please note that even if the circular is a P&I Member Circular the content of the circular applies to all forms of insurance provided by the Gard group of companies.
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11/2022: Electronic (Paperless) Trading
MEMBER CIRCULAR 11/202214 NOV 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the Secro system.
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10/2022: Status report as at 20 August 2022
MEMBER CIRCULAR 10/202207 NOV 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
In spite of financial and economic uncertainty, we are pleased to report that as at 20 August 2022, on a consolidated basis, Gard P. & I. (Bermuda) Ltd. has improved its insurance performance significantly for the current year, while the investment losses reflect the challenging macro-economic situation.
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9/2022: Paperless Trading Electronic Trading Systems Update to TradeLens Terms and Conditions
MEMBER CIRCULAR 9/202206 OCT 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
This circular confirms approval by the International Group of updated versions of TradeLens’ RuleBook and Service Description.
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8/2022: EU sanctions – updated FAQs published by the EU on the carriage of certain Russian cargoes including coal and fertilisers
MEMBER CIRCULAR 8/202212 AUG 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
Updated 3 November 2022
On 19 September 2022, the EU amended its FAQs clarifying that the carriage of certain cargoes from Russia including coal and certain types of fertiliser (and related insurance) is not prohibited (under Council Regulation (EU) 833/2014) when the goods are being transported to non-EU countries. On 7 October 2022 the EU updated the FAQs.
Please note that even if the circular is a P&I Member Circular the content of the circular applies to all forms of insurance provided by the Gard group of companies.
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7/2022 Roll risk estimator for container vessels – MARIN Top Tier project
MEMBER CIRCULAR 7/202210 AUG 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
The International Group of P&I Clubs is a member of the Maritime Research Institute of the Netherlands (MARIN) Top Tier project. The project has been established to examine and assess the causes of container losses arising from at-sea incidents onboard various sizes of container ships with a particular focus on ultra large ships.
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6/2022: Sanctions - The European Union’s sixth sanctions package
MEMBER CIRCULAR 6/202201 JUL 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
Updated 27 July 2022
On the 3 June 2022 the EU published its sixth package of sanctions against Russia. This Circular focuses on the measures in the sixth package of sanctions which impact on the transport and insurance of oil and petroleum products; and the prohibitions on transacting with Russian state-owned enterprises subject to the Article 5aa restrictions and as listed in Annex XIX of the Regulation.
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5/2022: Electronic (Paperless) Trading
MEMBER CIRCULAR 5/202216 JUN 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the IQAX eBL system.
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4/2022: Paperless Trading Electronic Trading Systems Update to E-TITLE – cancellation of R3 ownership
MEMBER CIRCULAR 4/202201 JUN 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
The agreement between R3 and E-TITLE has dissolved, and ownership of the legal framework has reverted back to E-Title Authority Pte Ltd. In accordance with this change, the trading name will also revert back from Corda eBL to e-Title™.
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3/2022: Reporting of vessel calls to Russia and transiting Russian territorial waters
MEMBER CIRCULAR 3/202219 MAY 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
On 17 March 2022 the UK Government published a General Trade Licence in part to clarify earlier amendments to the UK Russia (Sanctions) (EU Exit) Regulations. Specifically, the licence addresses the issue as to whether it is lawful under the Regulation for insurers and reinsurers domiciled or operating from the United Kingdom to provide insurance for vessels calling at Russian ports or transiting Russian territorial waters.
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2/2022: Notice of Annual General Meeting
MEMBER CIRCULAR 2/202213 MAY 2022
Notice is hereby given that the Annual General Meeting of Assuranceforeningen Gard - gjensidig – will be held at the offices of Gard AS in Kittelsbuktveien 31, 4836 Arendal, Norway and as a video conference on Thursday 2 June 2022 at 10.00 a.m.
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1/2022: Status report as at 20 February 2022
MEMBER CIRCULAR 1/202211 MAY 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
The financial year ending February 2022 was very challenging for the maritime industries, due to a variety of financial and operational difficulties. Our role is to support our shipowners when times are tough, and this year’s report highlights a number of areas where Gard has – through its size, reach and expertise, been able to deliver on that promise.
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12/2021: Sanctions – recent deceptive practices
MEMBER CIRCULAR 12/202103 FEB 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
Since 2010, considerable sanctions’ activity has been directed at shipping and its supporting industries reflecting the fact that 90% of world trade involves the carriage of goods by sea. The purpose of this Circular is to draw Members’ attention to some of the recent deceptive practices employed by parties that are engaged in activities that offend the sanctions regimes operated by national governments and or supranational bodies such as the UN.
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11/2021: Special Circular to fixed premium P&I Members and Small Craft customers - special extension of cover for communicable disease/coronavirus risks
MEMBER CIRCULAR 11/202120 JAN 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
The Circular provides additional information on a special extension of cover for communicable disease/coronavirus risks to fixed premium P&I Members and Small Craft customers.
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10/2021: Amendments to Rules 2022
MEMBER CIRCULAR 10/202117 JAN 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
The Circular sets out the changes to the Rules for P&I and Defence cover for ships and other floating structures and the Rules for P&I and Defence cover for mobile offshore units that will enter into force at noon GMT on 20 February 2022.