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Privacy Policy

If you have any queries about Norwegian Hull Club’s use of personal data, please contact us as at: Norwegian Hull Club                                                                                  Olav Kyrresgate 11                                                                                   5803 Bergen            ...

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Offshore Upstream Energy – Contractor


Operating insurances Hull & Machinery TLO (Hull Interest, Freight Interest) Loss of Hire Third Party Liabilities (part of package policy) Contingent Operator's Extra Expenses (part of package poli...

Yacht: Builder’s Risk


Builder's Risk - Yard Cover Builder’s Risk & Conversion Delay and Non-Delivery Contract Cancellation War (Waterborne agreement) Guarantee (Special Risk) Policies can be on either an annual decla...

FATCA

The legislation impacts Insurance and Reinsurance premium payments for US-sourced business and requires all non-US carriers which underwrite such business to demonstrate their compliance with the law. Failure to do so will result in 30% of the premium having to be withheld by way of a Withholding Tax. Compliance can be demonstrated by completion and submission of the W-8 BEN-E form.  

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Business Partner Code of Conduct Clause

Norwegian Hull Club's Business Partner Code of Conduct Clause Norwegian Hull Club requires its suppliers and other Business Partners to operate in accordance with the principles laid down in this Business Partner Code of Conduct Clause and in full compliance with all applicable laws and regulations, including but not limited to those relating to anti-corruption, money laundering and sanctions. Norwegian Hull Club expects its Business Partners to comply with this clause. Any violations may jeopar...

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Delay in Delivery/Non-Delivery


Delay in Delivery Covers losses due to an incident at the shipyard that causes a delay in delivering the newbuilding or conversion. The cover is offered both to the yard (for their daily penalties) or...

Offshore Upstream Energy – Operator


Operating insurances Physical damage TLO Loss of production income / business interruption Third party liabilities Operators extra expenses (control of well) Windstorm Construction All Risks (CAR) CAR...

Mortgagee’s and owner's interest


Mortgagee’s Interest Insurance (MII) Covers the mortgagee’s interest in an insured vessel in case there is non-payment of the Owner’s insurances following breach of warranty, non-disclosure etc....

Preface by the author

Since the second edition of the Handbook on Loss of Hire Insurance was published in 2008, three new versions of the Plan have been published. The second edition was based on the 2007 version of the Plan. In 2010 a new and the last version of the Norwegian Marine Insurance Plan was published. Then, a discussion commenced within the Nordic Maritime Community to issue a Nordic Marine Insurance Plan. This Nordic Plan materialized in 2013 after agreement was reached between CEFOR - the Nordic Associa...

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Yacht: Mortgagee’s and Owner’s Interest


Mortgagee’s Interest (MII) Covers the mortgagee’s interest in an insured vessel in case there is non-payment of the Owner’s insurances following breach of warranty, non-disclosure etc. impacting...

Owners' P&I


The cover caters for maritime liabilities in direct connection with the operation of a vessel. It protects the Assured against loss and liability to a third party. Cover is available up to USD1bn.  ...

Complaints handling

A complaint is a formal document in writing from the assured to the insurer that expresses dissatisfaction associated with the insurance policy or services delivered. The complaint is to set out the facts and reasons that the filing party or parties believes are sufficient to support the complaint. Complaints handling do not involve regular claims-handling or cases referred to an adjuster for his opinion or subject to legal proceedings by way of arbitration or before any court in Norway or any o...

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P&I


Norwegian Hull Club also supplies a wide range of additional covers to accommodate the needs of today’s charterers, traders and shipowners.Our P&I team boasts extensive international experience,...

Thade School Project

The Thade School Project is a non-profit, religious and politically independent project based in Thade, Nepal. The Project offers all children in the district equal opportunities of primary education and is run by two sister organizations based in Sweden and Nepal. Thade is a small area in the province of Okhaldunga and the school is located in the mountains connected to Kathmandu. Due to discrimination and social exclusion in Nepal, it has been difficult for children suffering from poverty to a...

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Newbuilding Extended Warranty


We are pleased to offer a Newbuilding Extended Warranty Insurance either to shipyards looking to differentiate themselves in a crowded and difficult market place, or to buyers looking for a longer war...

Cancellation of Contract


Cancellation of Contract insurance protects a vessel's loss of future earnings, either as a consequence of a total loss or damage serious enough to trigger a contract’s termination provisions. It is...

Yacht: Kidnap and Ransom (K&R)


In addition to compensating for financial loss, K&R insurance offers professional security and crisis management for sea- and land-based employees in co-operation with highly experienced and speci...

Builders' Risks


 Providing all risk cover for marine perils including strikes and lock-outs for the vessel or unit whilst at the yard and during sea trials, until delivery to the buyer. Builders' Risks - Yard Cover...

Norwegian Hull club

Cyber – Clause 380 buy-back


"...in no case shall this insurance cover loss damage liability or expense directly or indirectly caused by or contributed to by or arising from the use or operation, as a means for inflicting harm, o...

Yacht: Cyber – Clause 380 buy-back


“...in no case shall this insurance cover loss damage liability or expense directly caused by or contributed to by or arising from the use or operation, as a means for inflicting harm, of any comput...

Blog

Our blog "Network" presents a variety of articles related to Norwegian Hull Club's business areas and interests.

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Yacht: Cyber Threat and Extortion


The increasing trend of networking information technology and operational technology onboard yachts and within port control systems has increased the sector’s vulnerability. Cyber Extortion comes in...

Deductible Buy Down (DBD)


In the offshore energy market and wind farm construction projects, we have seen more and more exposure being pushed down the contractual chain. In certain circumstances a contractor client must contra...

Yacht: Loss of Charter Hire


 This enables Yacht owners to protect their income and cash flow in the event of a casualty. The conditions are on the basis that the Charter agreement being on the MYBA or similar and the coverage i...

Yacht: Loss of Charter – Extended


Extreme weather Life-saving or refugee rescuing Illness, death or injury to persons on board the insured Yacht(s) Natural disaster Extended Loss of Charter Hire is structured in the same manner as Los...

Drug Seizure – Loss of Hire


The time taken by authorities to investigate a case upon discovery of drugs can affect commercial relationships and lead to financial loss. The Drug Seizure cover provided by Norwegian Hull Club cover...

Photo by Bim - iStockphoto

Extended General Average Absorption


The cover is designed to absorb all General Average (GA) interests up to the policy limit, in excess of the absorption clause under the Hull & Machinery policy. The product is particularly suited...

Kidnap and Ransom (K&R)


In addition to compensating for financial loss, K&R insurance offers professional security and crisis management for sea- and land-based employees in co-operation with highly experienced and speci...

Manifest Error


Manifest Error - Complete disregard of case facts and the applicable rule or law as an indisputable error of judgment. An additional service to existing clients who may be in a weak position having be...

The maritime women

Role models and aspiring talents


For the third year in a row, Maritime Forum Bergen invited female students of Bergen to participate in an evening event where they are introduced to the opportunities in the maritime cluster and to so...

Photo: Helge Skodvin

Proper actions to alarms


Dear Captain Last year one of our members suffered a main engine damage of severe nature; the reason being a combination of technical failure, lack of good judgment and poor communication. We have pre...

The Radical


By Siv Sæveraas, Bergen There is a rustle in the blueberry bushes and a whisper through the budding catkins beside the garden path in John Wiik’s private paradise. It is a sunny day in May at Skjo...

I think one of the reasons that the company has lasted 175 years is that we have a company culture that not only focuses on money, but also on values.
– John Wiik

PHOTO: NORBERT LüMMEN / WWW.LEHMKUHL.NO

The White Pearl of Bergen


All ships are ladies – even if she is named after the man who was responsible for bringing her to Bergen in 1921. After the First World War, Kristofer D. Lehmkuhl, a former Norwegian cabinet minis...

Ulf Nilsen ”Mellom dag og natt” 1998-1999

Art in the workplace


As stated above, we live in a time where so much of our life is spent at work that our workplace becomes a very important part of our lives: and where there are people, there should be art! There are...

Farstad Offshore Simulator


The simulator system allows for “full mission” training, whereby in addition to the navigators, crewmembers on deck and operators of ROVs (Remote Operating Vehicles), cranes, rigs and other appar...

By Hildegunn Nilssen, Photos from The Ulstein Group

Bourbon Orca


Bourbon Orca was christened in Ålesund on 26th of June this year. Many invited guests and other interested people were there to take part in the event. Norway’s previous Minister of Defence, Kris...

Singing From the Heart


Humidity is good for the voice, explains the tenor who sang his way into all Norwegian homes during the classical music talent competition Kjempesjansen that was aired by the Norwegian Broadcasting...

One always wants to perform to the best of one’s ability.
– Stephen Hansen

Training News


If our goal is to have officers and crew that have the necessary self-esteem, in an environment where everyone can freely speak their mind, contribute and participate; then leadership, human relat...

Attitude, leadership and communication

An Oblique View of a Day in the Life of a Busy Underwriter


Today, nothing is going smoothly, everything feels grey and sodden just like those heavy water-laden clouds that for the time being lash cascades of misty spray at her office window on the fourth...

But work is work, and it is so enjoyable just at that moment when the deal is done and the customer is satisfied. By the time she makes it home it is almost one o’clock.

Who Wants a Good Safety Climate for Christmas?


The amount of accidents occurring is actually increasing, with one ship per day being lost on a global basis. Reliable and well-functioning technical systems are important, but often not sufficie...

The Founding of Marine Benefits


Marine Benefits was founded a pure sales/marketing company, and the actual handling of claims was outsourced to other companies. It did not take us long to conclude that the company was a success;...

Safety is Business-Critical


The direct costs of such an accident are twice as high today compared to only five years ago. More important, however, is the fact that accidents can seriously damage a corporate reputation, somet...

From Loss Prevention to Client Services


In the years that followed, our small staff had their hands full and their schedules fully booked, working full time with the development and implementation of the programme. This process shaped t...

Maritime Labour Convention


So far the convention has been ratified by the Bahamas, liberia, Panama, Norway and the Marshall Islands, and will enter into force 12 months after it has been ratified by at least 30 member countr...

Lady at the Helm


"I am currently taking the theoretical part of the Coastal Skipper training, which is something I am doing in order to strengthen my own professional competence as a member of the Client Services...

The principle is based on having greater competence among more people.
– Hildegunn Nilssen

Assistant Director of our Client Services division, Stein Are Hansen,  <br />
has his background from the Royal Navy Meteorological School in Plymouth as a trained Observation Forecaster.

Looking Out for You


During the summer season, there is extensive high-pressure activity in the Gulf of Mexico. Similar activity is found in Asia more or less through the year. Similar activity is found in Asia more or...

We are glad to be able to advise ship owners and captains in such situations.
–Stein Are Hansen

One for All and All for One


 This is the story of a global leader in marine and energy insurance; a solutions and services provider that has adapted to meet both the demands of today and tomorrow. High ethical s...

A Turning Point


They say that the accident strikes when you expect it the least. A month before Christmas – it ought to be a night of festivities. NHC's top management group was having a Christmas dinner with G...

I think it was something of an eye-opener and a sneak peak at how such incidents would be dealt with in the future. – Åge Solberg

The Visionary Man


Kishore Mahbubani welcomes Network at the Dean’s office of the Lee Kuan Yew School of Public Policy at the National University of Singapore. This is the daily workplace of the former diplomat and...

In twenty years I think it will be very clear that the Asian century will be well underway.
– Kishore Mahbubani

Shanghai, the New Capital of the World


The spring wind is harsh this year, but we are greeted by joy and faith in the future as we cross the Garden Bridge on our way to The Bund – Shanghai’s famous promenade near Huangpu river. Num...

Grieg Goes East


This spring Norwegian Hull Club has decided to give Dahl the contribution that will make publication of the book in Asia possible. The donation forms part of NHC’s anniversary gift in connection...

When I listen to the questions that are asked at the lectures around the world, I come to understand that Edvard Grieg was probably one of the greatest composers of his time.
– Erling Dahl Jr.

Mr. Engine


The solution, a 550-page handwritten book, lies in front of him on his coffee table in his flat in Flaktveit in Bergen. It is the result of 23 months of intensive work on the sofa. “Once I had s...

A lot of the practical knowledge I have accumulated over the years simply cannot be found in textbooks.
– Jan Arne Markussen

Sushi


When Jas Kahlon opened the restaurant Nama Sushi & Noodles in Bergen in 2001, people thought he had gone mad. Norwegians would never get accustomed to eating raw fish, and sushi was a trend tha...

The freshness and tenderness of the seafood, the way it is cut, the way the rice is boiled, the vinegar – it’s all in the bite.
– Jas Kahlon

Trade Disruption


Whereas a standard Loss of Hire insurance covers marine perils and loss due to physical damage to the vessel, the TDI policy will extend to many other external sources of interruption which are outsid...

History

180 years have passed since our first owners found mutuality to be the answer to the problem of finding risk capital. Read more in our Network blog.

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Borrowed from Making Change Norway

Making a change

What is a catastrophe?


Luckily there has been no loss of lives in any of the fires. Despite the dramatic pictures and the fact that one of the fires started just before midnight, after people had gone to bed, has the impres...

We are digitised!

And we are blogging..


Our digital presence has though been rather prudent the latter years, and we therefore feel we are making a leap into the world wide web as we have entered social media, upgraded our website and as we...

Vacant position in Norwegian Hull Club


Norwegian Hull Club's experienced legal team provides both internal and external assistance. The team consists of a good mix of people of various age, nationality and background, and the right candida...

Seminar on operations in Arctic waters


The seminar was chaired by Director Ole Wikborg, from NHC’s Oslo office. Managing Director John Wiik informed the audience of market trends within the marine insurance and briefly touched on NHC’s...

Credit: Alexander Sherbakov/AP/NTB Scanpix

Social media in emergency situations

What do we share and where do we look for information?


Norwegian Hull Club has over the latter years invested in a range of online tools that can be of help to our clients in emergency situations. Amongst AIS services, weather warnings, various maps and s...

"I am dying"
Olesya Zhukovskaya (@OlesyaZhukovska) on Twitter, February 20th, 2014

Nordic Marine Insurance Plan App


The Nordic marine insurance market adapts to changing risks by keeping the Plan constantly up to date. With the new App, it also keeps up with technological developments that have made smartphones and...

Annual Report 2013


He continues: "At the same time, we would describe it as a year with good results, in fact better than expected". The Board of Directors summarises the year like this: "Absence of very large claims in...

New member of the Board of Directors


Ms. Strandenes is a professor in economics at the Norwegian School of Economics (NHH) and has a wide experience from governing bodies in financial institutions and shipping companies. The most relevan...

Payment of dividend for fiscal year 2013


On June 17th, the Annual General Meeting adopted the financial statements and annual report for 2013. Thus, a dividend corresponding to 10 % of mutual premium earned in 2013 will be paid out to member...

Norwegian Hull Club Loss Prevention Committee


The purpose of the committee is to share timely and relevant information related to loss prevention in order to improve safety of lives, environment and values in marine and offshore operations. We al...

iStockphotos

Bauxite liquefaction


In the last month extremely heavy monsoon rain has beenexperienced in Malaysia, and stock piles of bauxite at ports such as Kuantan are very wet. Openstorage conditions generally prevent the cargo fro...

Continued progress in the third quarter


Underwriting results were satisfactory while a stronger USD impacted investment return negatively. Read our 3rd Quarterly Report...

Photo by Helge Skodvin

Increased P&I limit


This is in line with our new strategy focusing more on industrial clients, such as steel producers, mining companies, metallurgies, fertilizer production, grains, oil traders, gas/tankers, etc. Compan...

Surveyor's role

Norwegian Hull Club’s expectations to Surveyors and survey reporting


As a result of this we are involved from day one, and the first person on board is most often the appointed surveyor. The surveyor has some important tasks to do. 1) He (or she, but I will use the ter...

Can a landlubber say something about life at sea?


We asked more than 1000 sailors about their job motivation, not as directly as I asked you above, but by using a questionnaire measuring Psychological Capital (which really is just a more fancy word f...

Corporate Social Responsibility

The key areas of CSR reflect the core values of the company: integrity, quality, competence and efficiency. Social responsibility Norwegian Hull Club supports cultural, maritime and humanitarian organisations, providing financial support for projects in local communities in Somalia, Nepal and Ethiopia, as well as local projects in Bergen. Read more about these sponsorships here. Environmental responsibility To maintain our high standards of social responsibility, our Business Partners and Servic...

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Contracts, exposures and insurance as a risk transfer mechanism


In all probability, there is unlikely to exist or even to have existed a perfect contract. No risk normally means no reward. Thus, one would normally work within various levels of acceptability. Howev...

Legal Virtue at Norwegian Hull Club


These days the trend is for corporations, regardless of size, to have legal departments and often for the attorneys within them to be highly specialized. In addition to Norwegian lawyers, the Legal te...

Return of 2014 earned premium


In addition, when the capital position and operating results so allow, members may benefit from sharing in operating surpluses.At its meeting on 10th February, the Board of Directors discussed prelimi...

A well-functioning market?


The origin of LOH insurance dates back to the Suez Canal crisis in 1956, and since then the market has been dominated by a handful of players, mostly located in Scandinavia. Nevertheless, and despite...

iStockphoto

Project re:fresh

How healthy is your crew?


The question triggered a lot of curiosity in the industry, and every party invited to participate in the pioneering work, accepted the call. The initial project is supported by the Royal Norwegian Emb...

"A healthy economy depends on a healthy population".
From the European Union's 2020 strategy

Innovation(!) in Marine Insurance


Since deciding to become a viable alternative as a WAR Leader, Norwegian Hull Club has invested significantly in adapting our high end claims and service concept to a war product context. This develop...

2014 Annual Report for Norwegian Hull Club


He further elaborates: "Frequency losses across our portfolio can best be characterized as stable, whilst severity is clearly lower than expected. In general the experienced loss ratios were clearly...

Expect more from your Underwriter


Accumulated experience through nearly two centuries enables Norwegian Hull Club to meet and even outperform expectations of ship owners world wide. Access to world class Emergency Response teams, Lega...

York Antwerp Rules – 2016 revision


General background The YAR is a private agreement between vessel owners, charterers/sub-charterers and B/L holders, intended to provide a balanced approach to cost sharing when necessary to safeguard...

Situation Awareness

when Handling Claims


Situation awareness is what psychologists call perception or attention, or simply “knowing what is going on around you, in order to figure out what to do”.  It means continuously monitoring the e...

Return of 2014 mutual premium

An e-mail with all the underlying details will be sent to brokers and members during the next few days and NHC will start paying out the return premium as soon as bank account details are received in return. A list of Frequently Asked Questions can be found here .        

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Faz Peermohamed is named new CEO of NHC from 1st January 2016


Lindal says the Club and its members are grateful to John Wiik for a job well done: “John Wiik has been an instrumental force in building the organization and the brand name of NHC into the strong p...

Helge Skodvin

Insurance Veteran John Wiik stepping down as CEO of Norwegian Hull Club

Architect of the Modern Norwegian Hull Club


The Club is very pleased to announce that Mr. Wiik’s role will be filled by Faz Peermohamed. Mr. Peermohamed, a senior partner at London’s Ince & Co., is a career shipping man: he is an ex Shi...

Severe Incidents Impact 1st Quarterly Results


Read Norwegian Hull Club's 1st Quarterly Report here    

Down-cycle in the offshore energy market

Lay-up for Mobile Offshore Units


Lately, we have all seen contracts not being renewed or at least being renegotiated, options not being taken up, and some contracts even facing early termination, all of which has forced companies to...

El Niño and La Niña phenomena

According to several meteorological services, we have entered into a new El Niño phase.


El Niño and La Niña are opposite phases of what is known as the El Niño-Southern Oscillation (ENSO) cycle. The ENSO cycle is a scientific term that describes the fluctuations in temperature between...

Benefits of General Average insurance


A General Average situation will in some cases trigger the Owners to utilize the GA absorption clause under the Hull & Machinery policy. However, should the incident be of a certain size and compl...

Autonomous shipping concepts


The benefits of automation and autonomy to varying degrees have become self evident in many areas of commercial activity including transportation. Many cities world wide have automated and partially a...

Challenging waters – improvement in second quarter


As per 30th June, Norwegian Hull Club had a negative result of close to 9 million USD. Four major claims have effected the negative insurance result for the first half year of 2015, the result has ho...

Suspension of the Loss of Hire insurance during lay-up


If no lay-up plan has been issued by the assured or he has failed to obtain approval of it by the insurer or the lay-up plan has not been complied with, this will be deemed to be a violation of a safe...

Bulk cargo liquefaction


Analysis of 3 key mineral ore trades into China; Nickel, Iron and Bauxite suggests though, there is an increasing trend towards pre-shipment/export refining and even alternative process generation whi...

iStockphoto: Lovattpics

NHC is to open an office in London


The London insurance market is the heart of the global specialty insurance industry. Clustered around the Lloyd’s of London Building within roughly a half of a square-kilometre, hundreds of brokers,...

Sealing systems in watertight cable penetrations


 ObjectiveInvestigation of a number of engine room (E/R) flooding cases have revealed that wrongly installed E/R boundary cable penetration sealing arrangements contribute to the development and seri...

The maritime security situation in GoG May 2016


Following a gradual increase in maritime incidents in late 2015, attacks in the Gulf of Guinea, specifically off the Niger Delta, have gathered pace in the first months of 2016. In April 2016, Risk In...

3rd quarter results


After three quarters the result for Norwegian Hull Club is minus USD 6.7 million. The result has continued to improve, but is still affected by the four major claims in the first half of 2015. Isolati...

General assessment of the maritime security situation in the Gulf of Guinea, 1st quarter 2016


Offshore attacks in the Gulf of Guinea and off Nigeria have been below the long-term average throughout 2015 with many attacks occurring close to the Niger Delta. For 2015 Risk Intelligence recorded o...

Hans Christian Seim appointed CEO of Norwegian Hull Club


Seim was appointed the new CEO in a Board meeting in Bergen 19th of May. Hans Christian Seim (45) started his career in the claims department of Norwegian Hull Club in 2002. Since 2004 he has been an...

New Committee Members


The Annual General meeting re-elected Atle Bergshaven from Bergshav Management AS as chair of the Norwegian Hull Club Committee, and elected Peter Harren from Harren & Partner Schiffahrts GmbH as...

iStockphoto<br />
Baris Muratoglu

Fraudulent redirection of payments


After the agent has requested funds on account, the scam works by the Charterer/Owner being asked to pay the funds to a different account. The message making this request looks identical to the agent...

NHC London office


The operation is set up to export the values, integrity, underwriting and client servicing philosophy of NHC. NHC’s closeness to the London marine insurance market, as developed over the last decade...

Bulk Mineral Trades & Liquefaction

WEST COAST AFRICA


These ‘frontier’ countries are eager to take advantage of the economic benefits of monetizing their mineral ore deposits, both through royalties and taxes and stimulating local employment. Whilst...

Relocation of Oslo office


Norwegian Hull Club 's Oslo office has a long history in Rådhusgata 25, sharing a building with both Norwegian Shipowner's Association and The Norwegian Shipowner's Mutual War Risks Insurance Associa...

2015 Annual Report for Norwegian Hull Club


Whilst acknowledging the challenging market, Mr. Peermohamed chooses to focus on the opportunities: "It is my aim to grow our core offering in a measured and sustainable way. The field in which we are...

Social media oops

What is the difference between a professional journalist and an on-scene-reporter like you?


However, not everyone fully understands how social media works and that traditional media and journalists use it as a source for information. «We are currently awaiting helicopter evacuation away fro...

Articles of Association revised


The amendments were: Reinsurance from captives on mutual basis (subject to Board of Directors’ approval) According to § 1-4 of the Articles of Association, reinsurance did not give right to members...

Standard & Poor’s reconfirms Norwegian Hull Club ‘A / Stable’ rating


The ratings agency pronounced Norwegian Hull Club’s operating performance as both stable and strong, whilst citing the Club’s 'extremely strong capital adequacy’ as underpinning the strength of...

By Helge Skodvin

York Antwerp Rules 2016 finally approved


1. Interest will be fixed annually at ICE LIBOR on the first banking day of each year in the currency of the adjustment plus four percentage points. For a US$ adjustment that would produce a rate of 5...

iStockphoto by kylieellway

UN Verification and Inspection mechanism for Yemen (UNVIM)


The UN Secretary-General has decided to institute a United Nations Verification and Inspection Mechanism (UNVIM) for the facilitation of commercial imports to Yemen, at the request of the Government o...

Risk Intelligence's brief Guide to Niger Delta Groups


The Niger Delta Avengers (NDA) are Nigeria’s “new” Niger Delta militancy phenomenon. They have issued challenges to the Nigerian government, international oil companies and the military. Within...

By Emil Weatherhead Breistein

Looking for a rewarding career?


We are looking for service-minded, positive and reliable individuals to fill these roles.Full details of the vacancies, including essential and desirable criteria, can be found here.  What's in it f...

Ronny Larsen joins Norwegian Hull Club


Ronny comes with substantial experience from the P&I industry having worked for Assuranceforeningen Skuld for more than 15 years. He has experience from both the claims and underwriting side of th...

New Industry Guidelines on Cyber Security Addresses Insurance Issues


A new subchapter on insurance was added in the latest edition of the joint industry guidelines. The group has been looking at coverage after a cyber incident and the updated guidelines addresses cover...

Photo by Bim - iStockphoto

Norwegian Hull Club Publish a New Version of the Handbook on Loss of Hire Insurance


The second edition of the Handbook was based upon the Norwegian Marine Insurance Plan of 1996 version 2007. Since then, the Plan has continuously been revised, with the updated version of the NMIP was...

Handbook on Loss of Hire Insurance – a Haakon Stang Lund Legacy


As former Corporate Attorney for Norwegian Hull Club and long-time maritime lawyer, Haakon Stang Lund was not initially interested in Maritime Law and Insurance. "The topic didn’t appeal to me when...

Ten years of success with Marine Benefits


Marine Benefits has become a trusted verified partner for many of the leading ship owners and managers around the world and now provides medical insurance for close to 100,000 seafarers and family mem...

iStockphoto: Lovattpics

Norwegian Hull Club opens its London office


The office will allow the Club to strengthen client and broker relationships in London, providing easier access to  NHC’s wide range of products, experience and expertise. The office will initially...

Winter is here

The IMO Polar Code is coming into force


 With the Code coming in to force in 2017 for new vessels and 2018 for existing vessels, Simon Møkster Shipping started the process of obtaining approval for two of their ships for future operations...

Loss Prevention Committee Meeting September 2016

“Human Factors and Organisational Learning”


The September meeting’s agenda was “Human Factors and Organisational Learning”. Casper Meland from Marine Benefits, introduced their program and some of the findings from a questionnaire to seaf...

By Jason Dodd Photography

London office opening


To mark the occasion, the Club hosted a seminar held at the Merchant Taylor’s Hall on Threadneedle Street, where over 100 guests from the broking and shipping communities gathered to hear the news f...

By Helge Skodvin

Weaker insurance result in the 3rd quarter


The technical result of insurance operations is USD 3.1 million and the net result of financial items is USD 27.5 million.  Read the full report here...

Charterers’ P&I capacity increased to $1bn


This increase will allow Norwegian Hull Club to further build upon its well established position in the fixed premium Charterer’s market. The Club´s specialist staff take pride in offering industry...

Hanne Langeland Johannessen joins Norwegian Hull Club


Hanne comes from a position as Senior Claims Handler & Adjuster in Codan Marine in Bergen, where she has been working for the last 7 years.  She holds a Master in Law from the University in Berge...

By Helge Skodvin

5% return of 2016 earned premium


The Club’s capital adequacy is strong and at its meeting on 14th March, the Board of Directors evaluated the preliminary accounts for 2016 and resolved to propose that 5 % of mutual premium earned i...

Norwegian Hull Club announces 7.5 % return premium in Annual Report 2018


 The Club, which is a mutual marine insurance provider, delivers various benefits to its members including – when the capital position and operating results allow – the return of premium. Throug...

Art Wager

Awareness: The Lower Mississippi River


Unusually high water levels and strong currents are forecast to last well into April. As a result of large volumes of runoff from melting snow and rainstorms experienced in late February through ear...

Awareness: cyber security while travelling


At the gathering held in London, the committee heard from specialists at NYA - a leading security risk management and mitigation provider, as well as a strategic partner of Norwegian Hull Club. Ghonch...

Emphasizing experienced based marine insurance at Cyprus Shipping Forum


More than 400 delegates attended the forum, aimed at raising awareness of the role of Cyprus as a regional maritime, logistics and energy hub. The insurance and reinsurance panel discussion was modera...

Art Wager

Awareness: The Lower Mississippi River - update


The Lower Mississippi River Forecast Center forecasts a late Spring pulse with possibilities for a 16-17+ foot river level. More detailed information and forecasting of local river conditions can be f...

iStockphoto by kylieellway

Yemen security update


The below provides a security update for the Red Sea area offshore Yemen, focusing on recent developments including the attack on the Saudi frigate AL MADINAH and a warning that sea mines might have b...

7th Loss Prevention Committee meeting


The LPC brings together senior technical and marine managers from the Club’s membership who possess the necessary experience and knowledge to grapple with complex issues and have sufficient authorit...

Norwegian Hull Club FPSO Loss Prevention & Knowledge Sharing


The Club’s Global Energy team, in cooperation with the Loss Prevention team, therefore arranged the first FPSO Loss Prevention & Knowledge Sharing Session in London 7th and 8th February. As faci...

Norwegian Hull Club is ready for marine insurance enquiries on PPL


In addition, the permanent London presence of the Norwegian Hull Club permits the Club to receive a wider scope of marine insurance business proposals as well as the opportunity to adapt to the techno...

Q2 2018 Report - Results enhance The Club’s pursuit of strategy


A continued absence of medium-to-large claims in Q2 contributed to a greater-than-expected profitability on insurance operations at Norwegian Hull Club - the technical result of which was USD 20.0 mil...

iStockphoto by kylieellway

Yemen and GOA security update


The below provides a security update for the Red Sea area offshore Yemen and the Gulf of Aden. The primary focus for the Red Sea is on a possible escalation in the maritime dimension of the Yemen conf...

"Are we insured for that?"


The business and risk landscape for the shipping community has never been more exposed to the potential pitfalls of uncertainty. Our tailor-made special products are designed to at least appease the f...

Norwegian Hull club

Shipping companies not immune from cyber crime

"Cyber attacks continues to rise globally"


Shipping companies, ports and vessels can be affected by targeted and untargeted extortion attacks. Untargeted extortion attacks, such as ransomware can exploit vulnerabilities in systems and hold sen...

1st Quarter Results 2017


Gross premium income is in line with expectations. Profitability on insurance operations is above expectations due to favorable claims development this quarter.  The result  in the first three mont...

Hilde Førland joins Norwegian Hull Club


Norwegian Hull Club’s strength remains the competence, knowledge and experience of our employees. Whilst adapting our organisation to an ever-changing environment, it is increasingly important to co...

BMP5 Awareness Brief


BMP5 succeeds BMP4, published in August 2011, and as such responds to an altered threat environment. Understanding the key differences between BMP4 and BMP5 and the reasons for those differences is es...

LorenzoT81

Venezuela - Maritime Security Report


Despite increasing pressure, President Nicolás Maduro is unlikely to call for new elections or to step down from power without resistance particularly as he retains the support of national security f...

Considerations as 2020 approaches: 0.50% global limit for marine sulphur fuels

Casualty Information Newsletter 102


For this reason, a Joint Industry Project was established to raise awareness. A subsequent publication entitled “Joint Industry Guidance – The Supply and Use of 0.50%-Sulphur Marine Fuel” was pu...

Cyber-attacks and scrubbers in focus at Loss Prevention Committee Meeting No.11


The LPC is dedicated to improving best practice through the sharing of knowledge. The committee gathers senior technical and operational executives from The Club’s members to share their experience...

Inspection of Lubricating Oil Filters for 4-stroke diesel engines

Casualty Information Newsletter - 100


Dear seafarer,A number of Norwegian Hull Club’s clients have experienced major breakdowns of smaller 4-stroke engines. In several cases, complete engine renewal was required.As such, The Club sees t...

Awareness: Gulf of Oman


We encourage Owners to keep abreast of any pertinent advice circulated by their respective flag states and relevant maritime authorities.Norwegian Hull Club notes that the Norwegian Maritime Authority...

Recommended measures to prevent engine room fires

CASUALTY INFORMATION NEWSLETTER - 101


Dear Seafarer,Norwegian Hull Club wishes to draw attention to the fact that it has registered 44 engine-room fires over the past ten years that were caused by leakages from Low Pressure Fuel and Lubri...

Awareness: Atlantic Outlook - Early July 2019 Update


"In May this year, forecasting centres were reporting a normal-to-slightly-below-normal Atlantic hurricane season. This was largely due to the establishment of an El-Niño, which tends to dampen Atlan...

Norwegian Hull Club publishes 3rd Quarterly Report 2018


The technical result of insurance operations, meanwhile, was USD 13.2 million while the result from investment income and other financial items was USD 6.7 million. Equity stood at USD 310.6 million...

Photo by: alexsl, iStock

Iran Sanctions - implications and recommendations


The US sanctions and the EU Blocking Statute have had, and will continue to have, considerable ramifications for international trade with Iran, including maritime trade and insurance. This article pro...

Box Coolers - why proper maintenance is essential

Casualty Information Newsletter - 99


Norwegian Hull Club has seen increasing numbers of incidents related to inadequately maintained Box Coolers (BCs).   The Club sees the potential for a catastrophic event - depending on the position...

Norwegian Hull Club has seen corrosion damage arising from BCs when the units have most likely not been cleaned and/or painted properly following a vessel’s first Special Survey

Nordic Marine Insurance Plan 2019 online


The 2019 revisions include defining the border between war and marine risks, the addition of an arbitration clause, as well as an automatic reinstatement clause for loss of hire. Norwegian Hull Club'...

By Helge Skodvin

Norwegian Hull Club maintains ‘A/Stable’ rating with Standard & Poor’s


In its latest report, S&P describes Norwegian Hull Club as ‘well capitalized, in excess of the AAA level’. It also draws attention to the company’s ‘strong and stable operating performance...

'Bad bunkers' - common challenges, recommended actions


Instances of damage to vessels’ machinery, including engine breakdowns, as a result of contaminated fuel have reached unprecedented levels. Since the first reports of this ‘bad bunker’ fuel appe...

Insurance Technology Solutions AS strengthens its organisation


The insurance technology challenges are clear and present for the marine and energy markets’ ecosystem, characterised by manual workflow and high transaction costs. NHC intensified its digitalisatio...

'Bad bunkers' among hot topics at 10th Loss Prevention Committee meeting


The committee gathers senior technical and operational executives from The Club’s members to share their experiences, with a strong focus on safety and loss prevention. Norwegian Hull Club contribut...

S&P Global affirms Norwegian Hull Club's 'A with stable outlook' rating


The continued rating was announced in an S&P research update published last month. In it, S&P states: "We are affirming our 'A' financial strength and issuer credit ratings on Norwegian Hull C...

Concerns about scrubbers? Tailor-made protection is now available


This cover is in direct response to concerns raised by a number of our valued clients and brokers as 1 January 2020 approaches, bringing with it the IMO’s global limit of 0.5% sulphur in marine fuel...

Marianne Møgster joins The Club's Board of Directors


Previously, she has worked for Hydro/StatoilHydro. As well as currently serving on the board of DOF, she is also on the board of the University of Bergen (UiB). Ms Møgster was also previously a boa...

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