Bulletin 013 – Barbados Approved Providers of Insurance Rev.4.0

Barbados Maritime
  • Revision No:
  • 4.0
  • Issue Date:
  • 30 Sep 2024
  • Effective Date:
  • 30 Oct 2024

Notice to: Shipowners, Operators, Officers, Flag State Inspectors and Recognised Organisations.

1. References

    • a) Barbados Merchant Shipping Act (CAP 296)

    • b) Convention on Limitation of Liability for Maritime Claims 1976

    • c) Maritime Labour Convention, 2006, as amended (MLC 2006)

    • d) the International Convention on Civil Liability for Oil Pollution Damage, 1992, as amended (1992 Civil Liability Convention);

    • e) the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001 (2001 Bunkers Convention);

    • f) the Nairobi International Convention on the Removal of Wrecks, 2007 (2007 Nairobi WRC);

    • g) the Athens Convention 2002 concerning the transport of passengers and their luggage by sea, (PAL 2002);

2. Purpose

    • 2.1 The purpose of this Bulletin is to inform of the List of Approved Providers of Insurance for Barbadian vessels and for the following purpose:

    • .1 All ships – P&I Certificate of Entry for general liability;

    • .2 Any ship greater than 1000 Gross Tonnage – Article 7 of 2001 Bunkers Convention;

    • .3 Any ship carrying more than 2000 tons of oil in bulk as cargo- Article 7 of the 1992 Civil Liability Convention;

    • .4 All seafarers on any ship – Repatriation (Reg. 2.5) and Shipowner’s Liability (Reg. 4.2) of the MLC 2006;

    • .5 Any ship in international voyage – Article 4bis of the PAL 2002;

    • .6 Any ship of 300 Gross Tonnage and above – Article 12 of the2007 Nairobi WRC.

    • .7 This bulletin supersedes Bulletin number 338.

3. Removal of Wrecks Certificate (2007 Nairobi WRC)

    • 3.1 The 2007 Nairobi WRC entered into force on 30 Oct 2024.

    • 3.2 Barbadian vessels with Valid Wreck Certificates issued by another member state will be still considered accepted until their expiration date.

    • 3.3 All new Wreck Certificates shall be issued by the BMSR only.

4. BMSR Approval of Insurance Providers

    • 4.1 As per IMO Circular Letter No. 3464, the BMSR accepts all certificates of insurance or blue cards issued by members of the International Group of P&I Associations.

    • 4.2 Insurers wishing to provide insurance services to Barbadian ships must be approved before their certificates will be accepted by the Registry.

    • 4.3 The BMSR will charge for the approval of an insurer with the rate for ‘Assessment and approval of any manual or plan’ as per the BMSR fees, plus the fees for the issuance of the Letter of Approval.

    • 4.4 At a minimum, the following documents should be submitted by email to ops@barbadosmaritime.com for review:

    • .2 Evidence of registration with the appropriate national regulatory authority;

    • .3 3 years of audited accounts;

    • .4 Documentation on reinsurance coverage, if applicable;

    • .5 A guarantee that the insurer can cover the liability under the relevant conventions;

    • .6 A statement that liability incurred under the relevant convention due to an act of terrorism is covered;

    • .7 Sample certificates of insurance or blue cards;

    • .8 Evidence of approval by any other flag states (if applicable);

    • .9 Evidence that the insurer or its reinsurers have been rated by an independent and internationally recognised rating agency.

5. BMSR List of Approved Providers of Insurance

    • 5.1 ACE Insurance

    • 5.2 AIG Europe S. A

    • 5.3 ALANDIA
  •  
    • 5.4 Alfastrakhovanie PLC

    • 5.5 American International Group UK Limited

    • 5.6 American Steamship Owners Mutual Protection & Indemnity Association, INC.

    • 5.7 Amlin Europe N.V.

    • 5.8 Amlin Insurance SE

    • 5.9 Amlin Marine N.V.

    • 5.10 ASPEN INSURANCE UK LIMITED

    • 5.11 Assuranceforeningen Gard – Gjensidig

    • 5.12 Assuranceforeningen Gard – Gjensidig – Japan Branch

    • 5.13 Assuranceforeningen Skuld (Gjensidig) Singapore Branch

    • 5.14 Assuranceforeningen Skuld (Gjensidig) UK Branch

    • 5.15 Aurora P&I (Formerly Carina P&I)

    • 5.16 Balance Insurance JSC

    • 5.17 Brit Syndicate 2987

    • 5.18 British Marine

    • 5.19 Catlin Indemnity Company

    • 5.20 China Shipowners Mutual Assurance Association

    • 5.21 EF MARINE PTE LTD. (Singapore) & EF MARINE B.V., Rotterdam.

    • 5.22 Forsakringsaktiebolaget Alandia

    • 5.23 GARD AS

    • 5.24 Gard P. & I. (Bermuda) Ltd

    • 5.25 Gard P. & I. (Bermuda) Ltd., Singapore Branch

    • 5.26 GENERALI OSIGURANJE D.D.

    • 5.27 Great American Insurance Company

    • 5.28 Hanseatic P&I

    • 5.29 Hydor

    • 5.30 Ingosstrakh Insurance Company

    • 5.31 Lingard Limited

    • 5.32 Liverpool and London Steamship Protection and Indemnity Association Limited

    • 5.33 Lloyd’s

    • 5.34 LODESTAR MARINE (issues insurance on behalf Aspen)

    • 5.35 Maritime Mutual Insurance Association (NZ) Limited

    • 5.36 MARKEL International Insurance Company Limited

    • 5.37 Meiji Yasuda General Insurance Company, Limited

    • 5.38 Mitsui Sumitomo Insurance Company, Limited

    • 5.39 MS Amlin Insurance SE

    • 5.40 NAVIGATORS INSURANCE COMPANY

    • 5.41 NIPPONKOA Insurance Company, Limited

    • 5.42 Nissay Dowa General Insurance Company, Limited

    • 5.43 NoordNederlandscheP&IClub

    • 5.44 NorthStandard EU DAC  

    • 5.45 North of England Protecting and Indemnity Associated Limited

    • 5.46 NORWEGIAN HULL CLUB

    • 5.47 PICC Property and Casualty Company Limited Dalian Branch

    • 5.48 QBE EUROPE SA/NV trading as BRITISH MARINE

    • 5.49 QBE Insurance (Singapore) Pte Ltd trading as QBE Asia P&I / British Marine

    • 5.50 QBE UK LIMITED trading as BRITISH MARINE

    • 5.51 RaetsMarine Insurance B.V.

    • 5.52 Raets Marine Insurance B.V. (Formerly InterCostal Shipowners P&I B.V.)

    • 5.53 RO Marine AS
  •  
    • 5.54 Rosgosstrakh Insurance Company

    • 5.55 Royal & Sun Alliance Insurance plc

    • 5.56 SAISON Automobile & Fire Insurance Company, Limited

    • 5.57 Safeguard Guarantee Company Ltd.

    • 5.58 SECOM General Insurance Company, Limited

    • 5.59 Sun Re Limited

    • 5.60 SKULD

    • 5.61 SKULD (Far East) Ltd.
  •  
    • 5.62 SOGLASIE Insurance Company Limited
    • 5.63 Sompo Japan Insurance Inc.

    • 5.64 Steamship Mutual Underwriting Association (Europe) Limited

    • 5.65 Steamship Mutual Underwriting Association Limited

    • 5.66 Sveriges Angfartygs Assurans Forening (The Swedish Club)

    • 5.67 SWISS RE INTERNATIONAL SE

    • 5.68 Syndicate 2001

    • 5.69 The Britannia Steam Ship Insurance Association Limited

    • 5.70 The DAIDO Fire and Marine Insurance Company, Limited

    • 5.71 The Japan Ship Owners’ Mutual Protection & Indemnity Association

    • 5.72 Thomas Miller Specialty

    • 5.73 Tokyo Marine & Nichido Fire Insurance Company, Limited

    • 5.74 The Fuji Fire & Marine Insurance Company, Limited

    • 5.75 The Korea Shipowner’s Mutual Protection & Indemnity Association

    • 5.76 The London Steam-Ship Owners’ Mutual Insurance Association Ltd.

    • 5.77 The Nisshin Fire & Marine Insurance Company, Limited

    • 5.78 The North of England Protecting and Indemnity Association Limited

    • 5.79 The Pacific Maritime Club

    • 5.80 The Power Front Ship Owner Mutual Insurance Association (PFMA)

    • 5.81 The Shipowners’ Mutual Protection and Indemnity Association (LUXEMBOURG)

    • 5.82 The Society of Lloyds

    • 5.83 The Standard Club Asia Ltd

    • 5.84 The Standard Club Europe Ltd

    • 5.85 The Standard Club Ireland DAC

    • 5.86 The Standard Club UK Ltd

    • 5.87 The Standard Steamship Owners Protection and Indemnity Association (Europe) Limited

    • 5.88 The Standard Steamship Owners Protection and Indemnity Association (Bermuda) Limited

    • 5.89 The Steamship Mutual Underwriting Association (Bermuda) Limited

    • 5.90 The Steamship Mutual Underwriting Association Limited

    • 5.91 The Sumi-Sei General Insurance Company, Limited

    • 5.92 Türk P ve I Sigorta A.Ş. (Trading as Türk P&I)

    • 5.93 United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited

    • 5.94 United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited

    • 5.95 The West of England Ship Owners Mutual Insurance Association (Luxembourg)

    • 5.96 The West of England Ship Owners Mutual Insurance Association (Luxembourg) S. A.
  •  
    • 5.97 VSK Insurance Company, Russia

    • 5.98 Water Quality Insurance Syndicat

 

Revision No

Description Of Revision

1.0

First Issue

1.1

Added QBE Insurance (Singapore) Pte Ltd trading as QBE Asia P&I / British Marine

1.2

Added Carina P&I

1.3

Added Maritime Mutual Insurance Association (NZ) Limited

1.4

Added RO Marine AS

1.5

Carina P&I renamed Aurora P&I from 1st July 2022.

1.6

Added Türk P&I, amended bulletin format

1.7

Added SELECTA insurance and section 5.

1.8

Added Noord Nederlandsche P&I Club.

2.0

Major revision

·         Bulleting rebranding.

 

Mino revision

·         Amended headings in sec 4.4.

·         Added The Power Front Ship Owner Mutual Insurance Association (PFMA) in sec. 5

3.0

 

Major revision: Bulletin rebranding

Sec.5.42 “ NORTH OF ENGLAND P&I DESIGNATED ACTIVITY COMPANY ” renamed “NorthStandard EU DAC”.

3.1

Name change: SELECTA renamed Sun Re Ltd.

3.2

Added 5.59 SOGLASIE Insurance Company Limited.

3.3

Added 5.52  Rosgosstrakh Insurance Company & 5.95 VSK Insurance Company, Russia

3.4

Added 5.4 Alfastrakhovanie PLC

3.5

Added 5.16 Balance Insurance JSC

4.0

Amended Sec. 3.1, 3.2 and 3.3