Barbados issues bulletin on approved providers of insurance
Jan 09, 2023
4 min reads
The Barbados Maritime Ship Registry has issued a bulletin addressed to shipowners, operators, officers, flag state inspectors, and recognised organisations, regarding approved providers of insurance.
This Bulletin has been issued on December 22nd, 2022.
The purpose of this Bulletin is to inform of the List of Approved Providers of Insurance for Barbadian vessels and for the following purpose:
All ships - P&I Certificate of Entry for general liability;
Any ship greater than 1000 Gross Tonnage - Article 7 of 2001 the 2001 Bunkers Convention;
Any ship carrying more than 2000 tons of oil in bulk as cargo- Article 7 of the 1992 Civil Liability Convention;
All seafarers on any ship - Repatriation (Reg. 2.5) and Shipowner’s Liability (Reg. 4.2) of the MLC 2006;
Any ship in international voyage - Article 4bis of the PAL 2002;
Any ship of 300 Gross Tonnage and above - Article 12 of the2007 Nairobi WRC.
This bulletin supersedes Bulletin number 338.
Removal of Wrecks Certificate (2007 Nairobi WRC)
Barbados is not signatory of the 2007 Nairobi WRC, hence The Barbados Maritime Ship Registry (BMSR) cannot issue a certificate attesting that insurance or other financial security is in force in accordance with the provision of the Convention.
However, the BMSR still requires Barbadian vessels to be insured for the purpose of the convention and to receive a valid certificate of insurance.
Managers who still wish to have a statutory Wreck Certificate, can apply for one to an appropriate authority of any other State Party of the Convention.
BMSR Approval of Insurance Providers
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.
Insurers wishing to provide insurance services to Barbadian ships must be approved before their certificates will be accepted by the Registry.
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.
At a minimum, the following documents should be submitted by email to email@example.com for review:
A completed Form 138 – Providers of Insurance; Evidence of registration with the appropriate national regulatory authority;
3 years of audited accounts; Documentation on reinsurance coverage, if applicable;
A guarantee that the insurer can cover the liability under the relevant conventions; A statement that liability incurred under the relevant convention due to an act of terrorism is covered;
Sample certificates of insurance or blue cards; Evidence of approval by any other flag states (if applicable);
Evidence that the insurer or its reinsurers have been rated by an independent and internationally recognised rating agency.
BMSR List of Approved Providers of Insurance
ACE Insurance AIG Europe S. A ALANDIA American International Group UK Limited American Steamship Owners Mutual Protection & Indemnity Association, INC. Amlin Europe N.V. Amlin Insurance SE Amlin Marine N.V. ASPEN INSURANCE UK LIMITED Assuranceforeningen Gard – Gjensidig Assuranceforeningen Gard – Gjensidig – Japan Branch Assuranceforeningen Skuld (Gjensidig) Singapore Branch Assuranceforeningen Skuld (Gjensidig) UK Branch Aurora P&I (Formerly Carina P&I) Brit Syndicate 2987 British Marine Catlin Indemnity Company China Shipowners Mutual Assurance Association EF MARINE PTE LTD. (Singapore) & EF MARINE B.V., Rotterdam. Forsakringsaktiebolaget Alandia GARD AS Gard P. & I. (Bermuda) Ltd Gard P. & I. (Bermuda) Ltd., Singapore Branch GENERALI OSIGURANJE D.D. Great American Insurance Company Hanseatic P&I Hydor Ingosstrakh Insurance Company Lingard Limited Liverpool and London Steamship Protection and Indemnity Association Limited Lloyd’s LODESTAR MARINE (issues insurance on behalf Aspen) Maritime Mutual Insurance Association (NZ) Limited MARKEL International Insurance Company Limited Meiji Yasuda General Insurance Company, Limited Mitsui Sumitomo Insurance Company, Limited MS Amlin Insurance SE NAVIGATORS INSURANCE COMPANY NIPPONKOA Insurance Company, Limited Nissay Dowa General Insurance Company, Limited Noord Nederlandsche P&I Club NORTH OF ENGLAND P&I DESIGNATED ACTIVITY COMPANY North of England Protecting and Indemnity Associated Limited NORWEGIAN HULL CLUB PICC Property and Casualty Company Limited Dalian Branch QBE EUROPE SA/NV trading as BRITISH MARINE QBE Insurance (Singapore) Pte Ltd trading as QBE Asia P&I / British Marine QBE UK LIMITED trading as BRITISH MARINE RaetsMarine Insurance B.V. Raets Marine Insurance B.V. (Formerly InterCostal Shipowners P&I B.V.) RO Marine AS Royal & Sun Alliance Insurance plc SAISON Automobile & Fire Insurance Company, Limited Safeguard Guarantee Company Ltd. SECOM General Insurance Company, Limited SELECTA Insurance and Reinsurance Company (Caribbean) Limited SKULD SKULD (Far East) Ltd. Sompo Japan Insurance Inc. Steamship Mutual Underwriting Association (Europe) Limited Steamship Mutual Underwriting Association Limited Sveriges Angfartygs Assurans Forening (The Swedish Club) SWISS RE INTERNATIONAL SE Syndicate 2001 The Britannia Steam Ship Insurance Association Limited The DAIDO Fire and Marine Insurance Company, Limited The Japan Ship Owners’ Mutual Protection & Indemnity Association Thomas Miller Specialty Tokyo Marine & Nichido Fire Insurance Company, Limited The Fuji Fire & Marine Insurance Company, Limited The Korea Shipowner’s Mutual Protection & Indemnity Association The London Steam-Ship Owners’ Mutual Insurance Association Ltd. The Nisshin Fire & Marine Insurance Company, Limited The North of England Protecting and Indemnity Association Limited The Pacific Maritime Club The Shipowners’ Mutual Protection and Indemnity Association (LUXEMBOURG) The Society of Lloyds The Standard Club Asia Ltd The Standard Club Europe Ltd The Standard Club Ireland DAC The Standard Club UK Ltd The Standard Steamship Owners Protection and Indemnity Association (Europe) Limited The Standard Steamship Owners Protection and Indemnity Association (Bermuda) Limited The Steamship Mutual Underwriting Association (Bermuda) Limited The Steamship Mutual Underwriting Association Limited The Sumi-Sei General Insurance Company, Limited Türk P ve I Sigorta A.Ş. (Trading as Türk P&I) United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited United Kingdom Mutual Steam Ship Assurance Association (Europe) Limited The West of England Ship Owners Mutual Insurance Association (Luxembourg) The West of England Ship Owners Mutual Insurance Association (Luxembourg) S. A. Water Quality Insurance Syndicat