• New set of clauses to the Nordic Plan

    New set of clauses to the Nordic Plan

    The Nordic shipowner associations and Cefor have agreed on a new set of clauses for All Risk Construction Insurance  of Mobile Offshore Units (MOU/CAR).  The Nordic Plan as such is not amended.  The Clauses will be integrated in the next Version of the Nordic Plan.
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  • Cefor Sanction Limitation and Exclusion Clause 2014

    Cefor Sanction Limitation and Exclusion Clause 2014

    The Cefor Sanction Limitation and Exclusion Clause 2013 has been revised. The 2014 Clause names also the insurer's reinsurers and includes secondary sanctions.  
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  • 2014 June Hull claims trends - extraordinary absence of major losses

    2014 June Hull claims trends - extraordinary absence of major losses

    In the first half year of 2014, only one claim exceeding USD 10 million was reported, compared to ten such claims in 2012 and 2013. Given the risk exposure represented by increasing vessel sizes and values, the suprising fact is that the number of claims in excess of USD 10 and USD 5 million is...
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