Scope of the work

The aim of this book is to explain the Nordic loss of hire insurance conditions that are primarily found in Chapter 16 of the Nordic Marine Insurance Plan of 2013. Chapter 16 constitutes the Nordic loss of hire conditions which is used by many non-Nordic owners even if their hull insurance is not covered on the Plan.

The Nordic conditions will be compared to the English and American conditions to some extent, but not to the level of a full comparative study. Additional foreign sources of law will also be considered, although not exhaustively.