Welcome to the Nordic Plan Seminar

London, 23 January 2013

www.nordicplan.org

Nordic Plan agreement3 November 2010

• 5 signatory parties

• Nordic = Denmark, Finland, Norway & Sweden

• Determines how, who and when

The Nordic Association of Marine Insurers

How?

• Starting point: Norwegian Plan 1996, Version 2010

• Mandate Standing Revision Committee• All agreed or no

amendments

• Consultations

• Text and Commentary in English• Nordic translations

• Cefor ©

www.nordicplan.org

Who? Plan’s Standing Revision Committee (SRC) for 2013

MembersCefor• Haakon Stang Lund (NHC)• Johan Kahlmeter (The Swedish

Club)• Olli Kytö (Alandia)• Sveinung Måkestad (Gard)• Hanne Rydelsborg (Codan)• Iris Østreng (DNK)

Nordic Shipowners’ Associations• Karoline Bøhler (NSA)• Kim Forssblad (Stena)• Jan Hanses (Viking Line)• Lone Scheuer Larsen (Torm)• Hogne Nesse (Høegh Autoliners)• Bjarte Thorsen (KGJS)

Average Adjusters• Bjørn Slaatten

DeputiesCefor• Eirik Fosland (Tromstrygd)• Harald Hansson (Codan)• Jan Limnell (Alandia)• Einar Sandbakken (Gerling)• Roar Sanden (NHC)• Nic Wilmot (Gard)

Nordic Shipowners’ Associations:• Svein Bergstad (Seadrill)• Elsebeth Grosmann-Huang (J Lauritzen)• Dan Mikkola (Godby Shipping)• Leif-Roar Pettersen (Color Line)• Ingela Tenglin (Stena)• Marthe Romskoug (Wilhelmsen Ins.)• Anders Arve Waage (DOF Mgmt.)

Average Adjusters• Vibeke Kofoed

Trine-Lise Wilhelmsen, ChairProfessor, LL.D., Director of Scandinavian Institute of Maritime LawKaja de Vibe Malling, SecretaryPhD Research Fellow, Scandinavian Institute of Maritime Law

When? – 2016 revision...

• Start-up Cefor December 2012• Deadline proposed amendments

from parties to SRC: 1 June 2014

• SRC amendments: 1 June 2015• Consultation deadline: 1 July 2015

• SRC proposals to signatory parties: 15 September 2015

• Approval by parties: 1 October 2015

...by 2014

The Nordic Association of Marine Insurers

Agenda

New Nordic Marine Insurance Plan of 2013 – why, how and what do the assured get?

Trine-Lise Wilhelmsen, Professor, LL.D. Scandinavian Institute of Maritime LawChair of the Plan’s Standing Revision Committee (SRC)

• jurisdiction/choice of law,

• scope of cover: all risks, causation and incidence of loss, wear and tear and error in design, interest on compensation,

• duties of disclosure and due care: duty of disclosure, safety regulations, warranties

Chapter 18 MOUs

Svein Bergstad, Director of Risk & InsuranceSeadrill Management AS

Q&A