Member circulars
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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.
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11/2020: Status report as at 20 August 2020
MEMBER CIRCULAR 11/202006 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.
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10/2020: US Oil Pollution California - Increased criminal penalties for oil spill related offences
MEMBER CIRCULAR 1013 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.
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9/2020: Nord Stream 2 and TurkStream – Update on New US Sanctions
MEMBER CIRCULAR 9/202018 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.
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8/2020: New revised People’s Republic of China (PRC) Law on the Prevention and Control of Environmental Pollution by Solid Wastes – effective 1 September 2020
MEMBER CIRCULAR 8/202010 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.
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7/2020: Notice of Annual General Meeting
MEMBER CIRCULAR 07/202027 MAY 2020
The Annual General Meeting of Assuranceforeningen Gard - gjensidig - will be held on Thursday, 18 June 2020.
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6/2020: US Global Maritime Advisory
MEMBER CIRCULAR 06/2022 MAY 2020
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On 14 May 2020 the US issued a Global Maritime Advisory aimed at a range of industry sectors including marine insurers such as P&I clubs and shipowners and charterers. The significance of the document lies in the fact that it represents an attempt by the US Government to set out the standards by which the marine industries will be judged if they are linked to sanctions breaking.
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5/2020: Vessel monitoring and P&I insurance
MEMBER CIRCULAR 05/202015 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.
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4/2020: Mexico alert – smuggling of illegal narcotics – risk of ship detention and crew arrest
MEMBER CIRCULAR 04/202014 MAY 2020
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
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.
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3/2020: Status report as at 20 February 2020
MEMBER CIRCULAR 03/202013 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
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2/2020: Democratic People’s Republic of Korea – Sanctions enforcement
MEMBER CIRCULAR 02/202004 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.
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1/2020: Regulations of the People’s Republic of China on the Prevention and Control of Marine Pollution from Ships
MEMBER CIRCULAR 1/202002 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.
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14/2019: Electronic (Paperless) Trading - Approval of CargoX
MEMBER CIRCULAR 14/201917 FEB 2020
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
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.
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13/2019: Reinsurance arrangements for the 2020 policy year arranged through the International Group of P&I Clubs – special P&I war risks cover
MEMBER CIRCULAR 13/201915 JAN 2020
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
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.