Member circulars
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7/2023: US imposes sanctions on jet fuel transport to Burma
MEMBER CIRCULAR 07/202308 SEP 2023
On 23 August 2023 US OFAC issued a determination that allows sanctions to be imposed on any foreign individual or entity that operates in the jet fuel sector of the Burmese economy by expanding Executive Order 14014.
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6/2023: Electronic (Paperless) Trading – Change of name from essDOCS Exchange Limited to ICE Digital Trade Management Limited: Update to DSUA
MEMBER CIRCULAR 06/202321 AUG 2023
This Circular confirms approval by the IG of an updated version of the DSUA. This version is called DSUA 2023.1 and supersedes DSUA 2021.1, which remains approved for the purposes of Club cover.
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5/2023: Sanctions – The European Union’s 11th sanctions package
MEMBER CIRCULAR 05/202321 JUL 2023
On 23 June 2023 the EU Council adopted the 11th package of economic sanctions against Russia to prevent their circumvention and further erode Russia’s revenues.
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4/2023: Russian Oil Price Cap update: UK Reporting requirements and evasion alert
MEMBER CIRCULAR 04/202321 JUN 2023
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
An update on the UK reporting requirements under the Russian Oil Price Cap, the EU import ban and the possible evasion of the Oil Price Cap.
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3/2023: Electronic Paperless Trading - Update to Secro Terms and Conditions
MEMBER CIRCULAR 03/202317 MAY 2023
ALSO AVAILABLE IN TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
The International Group of P&I Clubs has approved an updated version of the Secro Customer and User Agreement dated 16 March 2023 as well as use of Secro Customer e-bills of lading in conjunction with this User Agreement.
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2/2023: Notice of Annual General Meeting of Assuranceforeningen Gard -gjensidig-
MEMBER CIRCULAR 02/202311 MAY 2023
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Notice is hereby given that the Annual General Meeting of Assuranceforeningen Gard - gjensidig – is to be held at the offices of Gard AS in Kittelsbuktveien 31, 4836 Arendal, Norway on Thursday 15 June 2023 at 10.00 a.m.
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1/2023: Release calls and open policy years
MEMBER CIRCULAR 01/202311 MAY 2023
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At its meeting on 22 April 2023 the Association’s Board of Directors set the Supplementary Calls and Release Calls for open policy years
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18/2022: Summary of the International Group’s review into the potential for delays in the contracting and engagement of salvage services in marine casualties
MEMBER CIRCULAR 18/2210 FEB 2023
ALSO AVAILABLE IN TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
The International Group of P&I Clubs commissioned the former Secretary of State’s Representative (SOSREP), Hugh Shaw, to conduct an independent, neutral and objective review that investigated the possible direct and root causes for delay in these circumstances and what changes might be made to improve use of LOF.
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17/2022: Additional amendments to Rules 2023
MEMBER CIRCULAR 17/2230 JAN 2023
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As previously announced, due to the ongoing war between Russia and Ukraine, there are further 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 as a result of changes to the terms of the applicable reinsurances.
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16/2022: Electronic (Paperless) Trading
MEMBER CIRCULAR 16/2226 JAN 2023
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the TradeGo eBL system.
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15/2022: Amendments to Rules 2023
MEMBER CIRCULAR 15/202219 JAN 2023
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
Circular sets out the mendments 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 2023. As a result of changes to the terms of the applicable reinsurances, inter alia due to amendments of the war programme as a consequence of the ongoing war between Russia and Ukraine, there will be additional changes to both the Rules for Ships and the Rules for MOUs. These additional changes will be communicated as soon as all reinsurance terms have been agreed.
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14/2022: Reinsurance arrangements for the 2023 policy year arranged through the International Group of P&I Clubs – special P&I war risks cover
MEMBER CIRCULAR 14/2216 JAN 2023
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
Reinsurance arrangements for the 2023 policy year for P&I entries with Gard P. & I. (Bermuda) Ltd and Assuranceforeningen Gard - gjensidig arranged through the International Group of P&I Clubs.
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13/2022: Notice of Cancellation for War Risks
MEMBER CIRCULAR 13/202223 DEC 2022
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Notice of Cancellation is given for the war risk cover afforded under the Gard fixed premium insurance products as listed in the attached Circular.
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12/2022: The price cap on Russian oil and petroleum products - updated
MEMBER CIRCULAR 12/202209 DEC 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
Legislation and guidance giving effect to the Price Cap Scheme has recently been published by the European Union, the United Kingdom and the United States and this circular describes the impact of the scheme on shipowners, charterers and cover for such trades by the International Group of P&I Clubs and its reinsurers.
Please note that even if the circular is a P&I Member Circular the content of the circular applies to all forms of insurance provided by the Gard group of companies.
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11/2022: Electronic (Paperless) Trading
MEMBER CIRCULAR 11/202214 NOV 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
This circular informs Members of the approval by the International Group of P&I Clubs (the Group) of the Secro system.
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10/2022: Status report as at 20 August 2022
MEMBER CIRCULAR 10/202207 NOV 2022
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In spite of financial and economic uncertainty, we are pleased to report that as at 20 August 2022, on a consolidated basis, Gard P. & I. (Bermuda) Ltd. has improved its insurance performance significantly for the current year, while the investment losses reflect the challenging macro-economic situation.
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9/2022: Paperless Trading Electronic Trading Systems Update to TradeLens Terms and Conditions
MEMBER CIRCULAR 9/202206 OCT 2022
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This circular confirms approval by the International Group of updated versions of TradeLens’ RuleBook and Service Description.
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8/2022: EU sanctions – updated FAQs published by the EU on the carriage of certain Russian cargoes including coal and fertilisers
MEMBER CIRCULAR 8/202212 AUG 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
Updated 3 November 2022
On 19 September 2022, the EU amended its FAQs clarifying that the carriage of certain cargoes from Russia including coal and certain types of fertiliser (and related insurance) is not prohibited (under Council Regulation (EU) 833/2014) when the goods are being transported to non-EU countries. On 7 October 2022 the EU updated the FAQs.
Please note that even if the circular is a P&I Member Circular the content of the circular applies to all forms of insurance provided by the Gard group of companies.
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7/2022 Roll risk estimator for container vessels – MARIN Top Tier project
MEMBER CIRCULAR 7/202210 AUG 2022
ALSO AVAILABLE IN JAPANESE/和訳 (PDF) TRADCHINESE/繁體中文譯文 (PDF) SIMPCHINESE/简体中文译文 (PDF)
The International Group of P&I Clubs is a member of the Maritime Research Institute of the Netherlands (MARIN) Top Tier project. The project has been established to examine and assess the causes of container losses arising from at-sea incidents onboard various sizes of container ships with a particular focus on ultra large ships.