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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...

Changes to the Board of Directors


This year, the election terms for Board members Hans Olav Lindal, Rebekka Glasser Herlofsen, Morten Ulstein and Siri Pettersen Strandenes all expired.Following a Committee Meeting held on May 14, Herl...

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Governing bodies

The governing bodies of the Club are the Board of Directors, the Committee, the Election Committee and the General Meeting.

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Governing Bodies

The members and deputy members of the governing bodies shall be elected for a term of two years, half of whom shall retire every year. If several of the members have equally long periods of service, retirement shall be decided upon by drawing lots.

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Members of the governing bodies term of service

The members and deputy members of the governing bodies shall be elected for a term of two years, half of whom shall retire every year. If several of the members have equally long periods of service, retirement shall be decided upon by drawing lots.

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New member of the Board of Directors


... 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 relevant positions to...

New Committee Members


... Krafft, IndependentStig Remøy, Olympic Shipping AS Click here for an overview of NHC's organisation and governing bodies  ...

Protection of the co-assureds against subrogation claims from the insurer

Clause 8-2 of the Plan is new in the 2016 version and governs the insurer’s right to be subrogated to claims against the co-assureds. The clause expressly provides that “the insurer does not have any right of subrogation against the co-insured third party unless and to the extent that such right is specified in the insurance contract or the co-insured third party has undertaken an express contractual obligation to an assured to remain liable for losses of the kind otherwise covered by the in...

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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...

Vessels insured on foreign hull cover conditions

The assured is free to take out loss of hire insurance on Nordic conditions and simultaneously insure the vessel on non-Nordic hull conditions. Cl. 16-1 was amended in the 2003 version to take care of this combination of insurance conditions. It is expressly provided that the loss of hire insurer must accept the non-Nordic hull conditions in writing. The reasons for this stringent and formal requirement of acceptance of foreign hull conditions in writing are two-fold: avoidance of any discussio...

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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...