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  • 14/2016: Review of policy years, premium rating for the 2017 policy year, half year status report as at 20 August 2016

    MEMBER CIRCULAR 14/16

    27 OCT 2016

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    The financial position of Gard P. & I. (Bermuda) Ltd. and its subsidiaries, on a consolidated basis as at the end of the second quarter of 2016 (20 August), remains strong.

  • 13/2016: Maritime Labour Convention 2006 as amended (MLC) - Financial security requirements

    MEMBER CIRCULAR 13/2016

    07 OCT 2016

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    Once the amendments to the Maritime Labour Convention 2006 enters into force on 18 January 2017 ships that are subject to the MLC will be required to display certificates issued by an insurer or other financial security provider confirming that insurance or other financial security is in place for liabilities in respect of outstanding wages and repatriation of seafarers together with incidental costs and expenses and compensation for death or long-term disability.

  • 12/2016: General Average - “York Antwerp Rules (YAR) 2016” adopted by the Comité Maritime International (CMI)

    MEMBER CIRCULAR 12/2016

    22 JUL 2016

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    Following four years of consultation and an extensive review by a CMI International Working Group, the YAR 2016 were adopted by the CMI Assembly at its conference in New York in early May.

  • 11/2016: Update on the Maritime Labour Convention

    MEMBER CIRCULAR 11/2016

    28 JUN 2016

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    In April 2014 the ILO agreed several amendments to the Maritime Labour Convention which will enter into force on 18 January 2017. Ships must, after this date, display certificates confirming that insurance for, inter alia, the cost and expense of crew repatriation, as well as wages following abandonment. International Group Clubs propose to provide the necessary MLC certification by way of an extension clause to the P&I rules, but with a right of indemnity from Members and on the basis that these new MLC liabilities will not fall within the IG’s existing pooling arrangements.

  • 10/2016: Notice of Annual General Meeting

    MEMBER CIRCULAR 10/2016

    16 JUN 2016

    The Annual General Meeting of Assuranceforeningen Gard - gjensidig will be held at the offices of Gard AS in Arendal, Norway, on Friday, 2 September 2016.

  • 9/2016: US Vessel Response Plans – Alaska and Oregon

    MEMBER CIRCULAR 09/2016

    31 MAY 2016

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    There have been some changes to the oil spill response contractors in Western and South East Alaska as well as the state of Oregon. Users are also reminded that some oil spill contractors in Alaska, Oregon and Hawaii have contracts that do not conform with the International Group's Guidelines for vessel response plans.

  • 8/2016: Syria sanctions

    MEMBER CIRCULAR 8/2016

    16 MAY 2016

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    Both the European Union and the United States continue to apply trade sanctions against the Government of Syria and a number of designated Syrian persons and entities. This circular provides a general overview of key sanctions that apply to Syria shipping and related insurance activities and also describes the potential impact of certain recent developments.

  • 7/2016: New IG/CINS guidelines for the carriage of Calcium Hypochlorite in containers

    MEMBER CIRCULAR 7/2016

    10 MAY 2016

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    Updated 27 January 2017

    The International Group of P&I Clubs and the shipping line members of the Cargo Incident Notification System have collaborated to produce a new set of guidelines for the carriage of Calcium Hypochlorite in containers.These new guidelines can essentially be considered “IMDG Code plus precautions” in that they include selected provisions from the IMDG Code plus additional precautions

  • 6/2016: Review of Policy Years – Release Calls

    MEMBER CIRCULAR 6/2016

    10 MAY 2016

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    On a group basis, Gard reported a result after tax of USD 85 million with a combined ratio net of 83 per cent. The Boards unanimously resolved to levy a 15 per cent Deferred Call for the 2015 policy year, which is 10 percentage points less than the original estimate of 25 per cent and represent a reduction of USD 37 million in the amount of premium actually called. As at 20 February, 2016 the consolidated contingency reserves of the Associations, which provide security and stability for the joint membership, stood at USD 1,017 million.

  • 5/2016: Draft charterparty clause promoting the use of the Inter-Club New York Produce Exchange Agreement 1996 (as amended September 2011)

    MEMBER CIRCULAR 5/2016

    06 MAY 2016

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    The Inter-Club New York Produce Exchange Agreement 1996 provides a mechanism whereby liability for cargo claims arising under the New York Produce Exchange Form (NYPE) or Asbatime charterparties and/or contracts of carriage authorised under such charterparties can be swiftly and fairly apportioned between owners and charterers.

  • 4/2016: Iran trading – fixed premium P&I cover update

    MEMBER CIRCULAR 4/2016

    04 MAY 2016

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    This Circular is intended to update Members on the latest developments in relation to the interim and longer-term solutions to the reinsurance recovery shortfall risk under Gard’s Fixed Premium P&I Excess Loss reinsurance programme.

  • 3/2016: Iran trading – increased limit of fall-back cover

    MEMBER CIRCULAR 3/2016

    15 APR 2016

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    As previously notified, the International Group has bought "fall-back" cover, which is designed to respond to reinsurance recovery shortfalls that would result from the inability of US- domiciled reinsurers on the Group GXL and Hydra reinsurance programmes to make payments due to the continuing application of US primary sanctions, for the 2016/17 policy year.

  • 2/2016: Iran trading- P&I cover update

    MEMBER CIRCULAR 2/2016

    18 MAR 2016

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    Further to our Circular 1/2016 concerning Iran sanctions, this Circular is intended to update members on the latest developments in relation to the interim and longer-term solutions to the reinsurance recovery shortfall risk under the Group General Excess Loss reinsurance programme and Hydra retrocession programme.

  • 1/2016: Iran trading - P&I cover

    MEMBER CIRCULAR 01/2016

    22 FEB 2016

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    This Circular is intended to assist Members when deciding whether to trade to/from Iran by explaining what P&I cover is available as well as identifying any possible shortfalls in cover. Some of the matters detailed below may also apply when Members’ ships trade to/from other countries which are subject to US sanctions.

  • 13/2015: Reinsurance arrangements for the 2016 policy year arranged through the International Group of P&I Clubs

    MEMBER CIRCULAR 13/2015

    08 FEB 2016

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    The Member Circular sets out the reinsurance arrangements for owners' entries reinsured through the International Group pooling arrangement fpor the 2016 policy year commencing on 20 February 2016, charterers' co-assured under an owner's entry and the terms of the special war risks P&I cover.

  • 12/2015: Lifting of certain sanctions under the Joint Comprehensive Plan of Action (JCPOA)

    MEMBER CIRCULAR 12/2015

    19 JAN 2016

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    ‘Implementation Day’ under the JCPOA relating to the curtailment of Iranian nuclear activities was announced on Saturday 16 January 2016.  This has triggered the general lifting of the EU sanctions which have targeted amongst other things maritime trade with Iran together with the insurance of vessels engaged in such trade and the provision of insurance and reinsurance cover to Iranian vessels and entities. At the same time there has been a partial lifting of US secondary sanctions measures and prohibitions, i.e. measures and prohibitions on non-US persons and entities.

  • 11/2015: Amendments to the Rules 2016

    MEMBER CIRCULAR 11/2015

    11 JAN 2016

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    This circular outlines the amendments to the Rules for Ships and the Rules for Mobile Offshore Units of both Assuranceforeningen Gard - gjensidig - and Gard P. & I. (Bermuda) Ltd , which will enter into force at noon GMT on 20 February 2016.

  • 10/2015: US Vessel Response Plans – California Shoreline Protection – MSRC - So Cal Ship Services (SCSS)

    MEMBER CIRCULAR 10/2015

    24 DEC 2015

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    As of 1 January 2016, MSRC will no longer provide California Shoreline Protection and On Water Response Coverage services for vessels calling at the Port of Hueneme, California and/or transiting the southbound traffic lanes of the Santa Barbara Channel whilst from 1 January 2016, So Cal Ship Services (SCSS) will commence providing CASP response services.

  • 9/2015: The Nairobi International Convention on the Removal of Wrecks

    MEMBER CIRCULAR 09/15

    22 DEC 2015

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    Members are reminded of the requirement that vessels of 300gt and greater that are registered in a WRC State Party or call at a port or offshore facility in a WRC State Party must carry on board a certificate attesting that insurance or other financial security is in force in accordance with the Convention.

  • 8/2015: Review of policy years, premium rating for the 2016 policy year, and half year status report as at 20 August 2015

    MEMBER CIRCULAR 08/2015

    28 OCT 2015

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    We are pleased to report that the financial position of Gard P. & I. (Bermuda)
    Ltd. and Assuranceforeningen Gard – gjensidig as at the end of the second quarter of 2015 (20 August 2015), remains strong.

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