16 JUN 2021
The International Group of P&I Clubs approves an updated version of the essDOC's electronic trading system.
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.
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.
11 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.
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.
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.
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.
The International Group of P&I Clubs' Reinsurance Programme for the 2021 policy year has now been agreed.
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.
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.
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.
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.
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.
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.
27 MAY 2020
The Annual General Meeting of Assuranceforeningen Gard - gjensidig - will be held on Thursday, 18 June 2020.
22 MAY 2020
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
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.
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
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.