Member circulars
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1/2022: Status report as at 20 February 2022
MEMBER CIRCULAR 1/202211 MAY 2022
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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
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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
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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
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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.
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9/2021: Reinsurance arrangements for the 2022 policy year arranged through the International Group of P&I Clubs – special P&I war risks cover
MEMBER CIRCULAR 09/202123 DEC 2021
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The overall structure of the cover reinsured through the Pool is the same as in the current year.
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8/2021: Status report as at 20 August 2021
MEMBER CIRCULAR 08/202108 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.
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7/2021: Paperless Trading Electronic Trading Systems Update to E-TITLE – Change of ownership and approval of Corda eBL as replacement of E-TITLE
MEMBER CIRCULAR 07/202124 SEP 2021
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Notification of change in ownership of E-TITLE electronic trading system.
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6/2021: Sierra Leone - Carriage of Iron Ore Fines Cargoes - Liquefaction Risk
MEMBER CIRCULAR 6/202113 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.
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5/2021: Amendments to Rules 2021 – Diversion expenses
MEMBER CIRCULAR 5/202112 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.
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4/2021: Paperless Electronic Trading Systems - Update to essDOCS Terms and Conditions
MEMBER CIRCULAR 4/202116 JUN 2021
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The International Group of P&I Clubs approves an updated version of the essDOC's electronic trading system.
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3/2021: Notice of Annual General Meeting
MEMBER CIRCULAR 3/202127 MAY 2021
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The Annual General Meeting of Assuranceforeningen Gard -gjensidig- will be held on Thursday, 17 June at 10 am.
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2/2021: Status report as at 20 February 2021
MEMBER CIRCULAR 2/202119 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.
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1/2021: Electronic (Paperless) Trading
MEMBER CIRCULAR 1/202129 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.
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Special Circular: Small Craft customers - Coronavirus Exclusion Clause, Cyber Endorsement and special extension of cover for Covid-19 risks
MEMBER CIRCULAR Special Circular 1/202011 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.
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17/2020: United States Sanctions on Venezuela
MEMBER CIRCULAR 17/202009 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.
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16/2020: Fixed premium P&I covers reinsured outside the International Group’s Pooling Agreement - special extension of cover for Covid-19 risks
MEMBER CIRCULAR 16/202014 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.
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15/2020: Amendments to Rules 2021
MEMBER CIRCULAR 15/202012 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.
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14/2020: Reinsurance arrangements for the 2021 policy year arranged through the International Group of P&I Clubs – special P&I war risks cover
MEMBER CIRCULAR 14/202022 DEC 2020
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The International Group of P&I Clubs' Reinsurance Programme for the 2021 policy year has now been agreed.
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13/2020: US Oil Pollution California - Increased criminal penalties for oil spill related offences
MEMBER CIRCULAR 13/202003 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.
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12/2020: New premium policy
MEMBER CIRCULAR 12/202011 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.