Plan revision extended by one year

The five signatory Parties to the Nordic Plan Agreement have agreed to extend the periodical revision cycle of the Nordic Marine Insurance Plan (the Plan) from three to four years.

This means that the next revision of the Plan will be Version 2023.

In keeping with the fair and balanced system of the Plan, Cefor and the four Nordic shipowners' associations agree to work together on any necessary interim clauses should the need arise between revisions. A wording to this effect has been included in an addendum to the 2010 Nordic Plan Agreement