Machinery incidents are the single most costly claims category for marine underwriters. In the period 1985 to 1997, Norwegian marine underwriters have paid out a total of USD 650 million in machinery claims. There is little evidence seen of improvements and CEFOR calls on classification societies to face and deal with this challenge.
Interest Rates on Claims settled in accordance with the Nordic Marine Insurance Plan of 2013 (the Plan) for 2018 are now available under Clauses. This information is updated January every year.
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A new edition of "Handbook on hull insurance" by authors Trine-Lise Wilhelmsen and Hans Jacob Bull is now available for sale.
Read MoreInterest Rates on Claims settled in accordance with the Nordic Marine Insurance Plan of 2013 (the Plan) for 2017 are now available under Clauses. This information is updated January every year.
Read More