Barbados: bulletin referring to the providers of insurance

The Barbados Maritime Ship Registry has issued a bulletin referring to the Barbados-approved providers of insurance.

This bulletin was issued on 4 August 2023 and is addressed to all shipowners, operators, officers, flag state inspectors, and recognized organizations.

It became effective on the date of issuance.

This bulletin supersedes Bulletin number 338.

Purpose

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 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 the 2007 Nairobi WRC.

Removal of Wrecks Certificate (2007 Nairobi WRC)

Barbados is not a 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 ops@barbadosmaritime.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 Power Front Ship Owner Mutual Insurance Association (PFMA).
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.