Insurance

  • UK Defence Club launches guidance on shipping’s...

    The UK Defence Club, a leading provider of marine legal costs insurance and other services to the international shipping community, has launched The Green Transition, a comprehensive report outlining the practical and contractual challenges facing the shipping industry on its journey towards becoming carbon neutral.

     

  • Beware of fishing vessels in Chinese waters

    Gard’s correspondent in China, Huatai Insurance Agency and Consultant Service Ltd., recently published a circular warning of an increase in fishing traffic in the Bohai Sea, the Yellow Sea, the East China Sea, and the waters north of 12°N of South China Sea as the start of this year’s seasonal fishing ban is approaching. Huatai Circular PNI [2021] 05 of 22 April 2021 outlines the time periods for each location and includes key points from an advisory issued by the Chinese Ministry of Agriculture and Rural Areas.

     

  • Prohibition on the discharge of open-loop...

    Further to the club’s previous news item on the use of open loop scrubbers when transiting Turkish Straits, the Ministry of Environment and Urbanization of Turkey has officially issued an announcement regarding the prohibition of discharge of wash water from open-loop scrubbers in Turkish territorial waters.

     

  • Finnish marine insurance company develops a...

    The Alandia Loss Prevention mobile application, designed by Alandia’s superior Loss Prevention experts, offers an innovative hands-on solution for professional mariners for transforming everyday routines into truly proactive safety management.

     

  • Prepare for tougher at-berth emissions reductions...

    California’s new regulation “Control Measure for Ocean-Going Vessels At-Berth“ has now been approved by the state’s Office of Administrative Law (OAL) and took effect on 1 January 2021. The new Control Measure replaces the state’s previous regulation on “Airborne Toxic Control Measure for Auxiliary Diesel Engines Operated on Ocean-Going Vessels At-Berth in a California Port”(At-Berth Regulation) and is designed to further reduce the public’s exposure to air pollution generated by vessels berthed at California’s busiest ports. See our alert “California clamps down on air pollution from ships at berth” of 5 November 2020.

     

  • Russian Cargo Theft Trends 2020

    The joint report published by international freight insurer, TT Club; IMPACT, a digital cargo theft information and prevention exchange and the Transported Asset Protection Association (TAPA EMEA) details trends in the prevalent modus operandi of thefts and the type of cargo commodities lost within the Russian road freight sector, analysing the data by month and federal region.

     

  • The Swedish Club pairs with industry leading...

    The Swedish Club has partnered with industry leading cargo consultants, CWA International, to develop its new Cargo Advice series, which provides expert advice and information on the carriage of a wide range of cargoes that are frequently subject to claims.

     

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Challenging claims environment impacts London P&I Club result for 2020/21

A challenging claims environment including increased claims on the IG pooling system and the effects of the coronavirus pandemic were factors which impacted The London P&I Club’s result for 2020/21. In a recent update to the membership, the Club reported a combined ratio of 136.8% and an overall operating deficit of US$20.3 million for 2020/21. The year-end free reserve stands at US$153.6m.

 
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UK Defence Club launches Sound Waves podcast

The UK Defence Club, a leading provider of marine legal costs insurance and other services to the international shipping community, has launched its own podcast series, Sound Waves, bringing listeners the most important issues, insights and debate in the maritime industry.

 
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GARD: Status report as at 20 February 2021

We are pleased to report that as at 20 February 2021, 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 (the “Association”) and its subsidiaries (together, “Gard” or the “group”), remains strong.

 
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