08 NOV 2021
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We are pleased to report that as at 20 August 2021 the financial position of Gard P. & I. (Bermuda) Ltd. and its subsidiaries, remains strong with a confirmed A+ rating by Standard and Poor’s. This is despite the half year result having been negatively affected by major claims falling within the International Group Pool, a continued impact of COVID-19, and an increase in own claims.
24 SEP 2021
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Notification of change in ownership of E-TITLE electronic trading system.
13 SEP 2021
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The International Group understands that some cargoes of iron ore fines intended for shipment from the port of Pepel have been stockpiled outdoors uncovered for a prolonged period posing a particular risk of liquefaction during the wet season. It is also understood that some cargoes intended for shipment from Pepel have previously been considered too low grade for export and have been left in uncovered stockpiles for prolonged periods. These are now being blended with higher grade materials for export.
12 JUL 2021
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Cover for the costs of diverting a ship for the purpose of enabling the repatriation of deceased crew members or other deceased persons on board, shall be granted retrospectively to all Members with effect as from 20 February 2021 and, going forward, insurance cover will include certain extra costs for diverting a ship for the purpose of enabling repatriation of deceased crew members or other deceased persons on board.
16 JUN 2021
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The International Group of P&I Clubs approves an updated version of the essDOC's electronic trading system.
27 MAY 2021
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The Annual General Meeting of Assuranceforeningen Gard -gjensidig- will be held on Thursday, 17 June at 10 am.
19 MAY 2021
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After a year with exceptional challenges related to the Covid-19 pandemic and claims under the International Group Pool, the financial position of Gard P. & I. (Bermuda) Ltd and its subsidiaries remains strong.
29 MAR 2021
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Since 20 February 2010 liabilities arising in respect of the carriage of cargo under such paperless trading systems were covered, provided that the system had first been approved by the Group. Since then the Group has approved electronic i.e. paperless systems administered by Electronic Shipping Solutions (now known as essdocs), by Bolero International Ltd (more specifically the Rulebook/Operating procedures September 1999), E-Title, edoxOnline, CargoX, WAVE and from 24 March 2021 TradeLens has been added to the list of IG approved system providers.
11 FEB 2021
Small Craft H&M and P&I insurances are written by either Gard Marine & Energy Limited, Norway branch or Gard Marine & Energy Insurance Europe AS and are part of the reinsurance arrangements for Marine & Energy business. To harmonize standard terms of cover for Small Craft H&M and P&I entries with the governing reinsurance arrangements, it is necessary to include Coronavirus and Cyber exclusion clauses in the relevant policies.
09 FEB 2021
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The designation by the Government of the United States of Venezuela’s Maritime Authority led to understandable confusion among shipowners utilizing or paying for services provided by INEA at Venezuela ports on voyages unrelated to the oil or other targeted sectors. To address this side effect of INEA’s designation, OFAC has now issued General License 30A.
14 JAN 2021
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To meet the needs for protection against the Coronavirus risk within the fixed P&I segment, Gard will offer Members and clients in respect of the categories of covers listed in our Circular a special extension of cover. The "Special Covid-19 Extension" shall comprise liabilities, losses, costs and expenses falling within the scope of terms of entry agreed but for the Coronavirus Exclusion Clause (LMA 5395) and subject to a sub-limit of USD 10 million per ship or vessel per event.
12 JAN 2021
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Our circular lists the amendments 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 2021.
22 DEC 2020
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The International Group of P&I Clubs' Reinsurance Programme for the 2021 policy year has now been agreed.
03 DEC 2020
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The International Group of P&I Clubs has considered the potential impact on cover for pollution risks of this new legislation due to enter into force in California on 1 January 2021.
11 NOV 2020
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At its November meeting, the Board of Gard P. & I. (Bermuda) Ltd. decided to change the Association’s premium policy and introduce an Owners’ General Discount. This will replace any reduction in the last instalment of the ETC for mutual Members.
06 NOV 2020
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We are pleased to report that as at 20 August 2020, on a consolidated basis, the financial position of Gard P. & I. (Bermuda) Ltd. and its subsidiaries remains robust and healthy. This is despite our half year results being negatively affected by several major incidents within the International Group Pool, and spread of the COVID-19 pandemic.
13 OCT 2020
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Members are advised that new fines will be applicable in California from 1st January 2021 for ship sourced oil pollution damage in Californian State waters.
18 SEP 2020
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The United States has recently enhanced the sanction provisions targeting the construction of the NS2 and TurkStream pipeline projects and those who provide vessels and services in connection with either project.
10 AUG 2020
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A new revision to the People’s Republic of China Law on the Prevention and Control of Environmental Pollution by Solid Wastes (new Revision) enters into force on 1 September 2020. The Law imposes joint and several liability on both the carrier and importer for the return and disposal of the solid waste where the waste is prohibited and/or proper license has not been obtained, and significantly increases the fines that can be imposed for violations.
27 MAY 2020
The Annual General Meeting of Assuranceforeningen Gard - gjensidig - will be held on Thursday, 18 June 2020.