15 MAY 2020
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In line with their legal and regulatory obligations, all Clubs in the International Group maintain sophisticated sanctions compliance programmes and procedures. The ability to track vessels using their AIS has become an increasingly important part of Clubs’ sanctions compliance programmes. All International Group Clubs have now agreed a common minimum standard of tracking.
14 MAY 2020
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Since July 2019, international shipping industry organisations have seen a number of cases where ships have been detained upon arrival in Mexican ports where illegal narcotics have been found on board. The ships' ports of departure were usually Ecuador, Colombia or Panama.
13 MAY 2020
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We are pleased to report that as at 20 February 2020, and on a consolidated basis the financial position of the Gard group remains strong
04 MAY 2020
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This circular is an update on the Democratic People’s Republic of Korea (DPRK) sanctions enforcement following the recently published 2019/2020 UN Panel of Experts of North Korea Sanctions Report.
02 MAR 2020
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The Chinese Maritime Safety Agency recently published new Measures of Administration on Agreement for Ship Pollution Response Regime, which became effective on 1 March 2020. The International Group of P&I Clubs has received further clarifications and feedback on the new measures from the International Group's advisers in the PRC and from China MSA.
17 FEB 2020
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The International Group of P&I Clubs has approved CargoX, a system based on blockchain technology that is intended for creating, tracking, managing, storing, and transferring the ownership of documents using blockchain technology to enable carriers, shippers, consignees, endorses, banks, freight forwarders and other parties to issue, exchange and sign, a variety of supply chain encrypted documents with no need for a central server or registry.
15 JAN 2020
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Our Circular sets out the reinsurance arrangements for the upcoming 2020 Policy Year arranged through the International Group of P&I Clubs, including the special P&I war risk cover and liabilities under the Maritime Labour Convention 2006, as amended.
06 JAN 2020
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This Circular outlines the amendments to the Rules for Ships and the Rules for Mobile Offshore Units which will enter into force at noon GMT on 20 February 2020.
23 DEC 2019
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The International Group of P&I Clubs has approved WAVE, a distributed ledger network which uses blockchain technology to enable carriers, shippers, consignees, endorses, banks, freight forwarders and other parties to issue, exchange and sign, a variety of supply chain encrypted documents with no need for a central server or registry.
20 DEC 2019
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In 2010 the International Group launched the P&I Qualification programme as a dedicated professional qualification providing high quality, sector-specific training in all aspects of P&I insurance to Club employees. The decision has now been taken to open the registration for the programme to everybody.
09 DEC 2019
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The prevention of bribery, corruption, money laundering and financing of terrorism remains a priority for many regulatory authorities around the world. Members should continue to review their compliance programmes in this regard, to ensure that they remain effective.
07 NOV 2019
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The Boards of Directors of Gard P. & I. (Bermuda) Ltd. and its subsidiaries have decided that there will be no general increase in the Estimated Total Call for 2020. The financial position of the Association remains strong and mutual P&I has for the first half year ending 20 August 2019 generated a surplus above the target level.
11 SEP 2019
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On 5 August 2019, the United States (US) administration increased its sanctions programme against the Government of Venezuela, when President Trump issued Executive Order 13884 which blocks all property in the US of the Government of Venezuela, and prohibits US persons from engaging in any transaction with the Government of Venezuela. Also, on the same day, a number of General Licenses were issued, which appliy directly to US persons. Our Member Circular looks at the impact of Venezeula sanctions on P&I cover.
05 SEP 2019
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The United States Treasury Department’s Office of Foreign Assets Control has now published a “Framework for OFAC Compliance Commitments” setting out OFAC’s views of the essential elements of an effective economic sanctions compliance program.
24 JUN 2019
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The International Group Clubs recognise that the 2020 Global Sulphur Cap presents important challenges to the shipping industry and are closely monitoring discussions at the IMO. Penalties for non-compliance are likely to include fines, detentions and possibly, in extreme cases, PSC banning orders.
24 JUN 2019
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The Annual General Meeting of Assuranceforeningen Gard - gjensidig - will be held at the office of Gard AS in Arendal, Norway on Friday 6 September 2019 at 12:00 noon.
11 JUN 2019
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The International Group of P&I Clubs has now approved the Global Share S.A. edoxOnline platform for electronic (paperless) trading. Since 20 February 2010 liabilities arising in respect of the carriage of cargo under such paperless trading systems are covered under the P&I cover, provided that the system had first been approved by the International Group.
15 MAY 2019
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08 MAR 2019
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The fall-back cover, placed to deal with the potential reinsurance recovery shortfall risk under Gard’s Fixed Premium P&I Excess Loss reinsurance programme, has not been renewed for the 2019 policy year.
11 JAN 2019
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The enforcement of sanctions generally, and against the maritime industry specifically, has intensified since 2017. This circular draws attention to some of the measures that Governments are taking to enforce sanctions and warns of the serious consequences of trading with DPRK and DPRK-related interests.