Member circulars
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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
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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.
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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
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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.
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12/2019: Amendments to Rules 2020
MEMBER CIRCULAR 12/201906 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.
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11/2019: Electronic (Paperless) Trading
MEMBER CIRCULAR 11/201923 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.
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10/2019: P&IQ registration now open to all
MEMBER CIRCULAR 10/201920 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.
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9/2019: Compliance notice - prevention of financial crime
MEMBER CIRCULAR 09/1909 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.
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8/2019: Status report as at 20 August 2019, Review of policy years and Release Calls, Premium policy for 2020
MEMBER CIRCULAR 08/201907 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.
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7/2019: United States Sanctions on the Government of Venezuela and Petroleos de Venezuela, S.A. (PdVSA)
MEMBER CIRCULAR 7/201911 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.
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6/2019: Guidance on the United States Sanctions Compliance Programmes Published by the Office of Foreign Assets Control
MEMBER CIRCULAR 6/201905 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.
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5/2019: The 2020 global sulphur cap
MEMBER CIRCULAR 5/201924 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.
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4/2019: Notice of Annual General Meeting
MEMBER CIRCULAR 4/201924 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.
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3/2019: Electronic (Paperless) Trading
MEMBER CIRCULAR 3/201911 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.
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2/2019: Status report as at 20 February 2019 - Review of policy years
MEMBER CIRCULAR 2/201915 MAY 2019
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1/2019: Iran trading – fixed premium P&I cover update
MEMBER CIRCULAR 01/201908 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.
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17/2018: Democratic People’s Republic of Korea – Enforcement of UN, U.S. and EU Sanctions
MEMBER CIRCULAR 17/201811 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.
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16/2018: Reinsurance arrangements for the 2019 policy year arranged through the International Group of P&I Clubs – special P&I war risks cover
MEMBER CIRCULAR 16/201809 JAN 2019
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This circular covers the reinsurance arrangements for the 2019 policy year including the special P&I war risk cover and liabilities under the Maritime Labour Convention 2006 as amended.
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15/2018: Amendments to Rules 2019
MEMBER CIRCULAR 15/201807 JAN 2019
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 2019.
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14/2018: Iranian trade after 4th November 2018
MEMBER CIRCULAR 14/201823 NOV 2018
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This Circular advises that the U.S. has now re-imposed sanctions on Iran that had been lifted or waived under the JCPOA with the second and final wind down period coming to an end on 4th November 2018. The U.S. has made it clear that it expects all non-U.S. persons to comply with the secondary sanctions that have been re-imposed.
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13/2018: Status report as at 20 August 2018, Review of policy years and release calls, premium policy for 2019
MEMBER CIRCULAR 13/201801 NOV 2018
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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 owner’s mutual P&I entries and mutual FD&D entries for 2019. The circular also contains a report on the result for the first six months to 20 August 2018 and reports on some of the decisions made at the recent meeting of the Board of Directors.