Barbados issues bulletin on approved providers of insurance

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 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 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

For more information, please see the document below (available only to subscribers):

RELEVANT DOCUMENTS:

Barbados Approved Providers of Insurance