Insights

Norwegian Hull Club is further reinforcing its commitment to the energy transition by introducing Environmental Care & Emission Reduction (ECER), a new area of assessment in its underwriting procedures.

As of 5 February 2023, the EU / G7 Price Cap on Russian-origin crude oil was extended to Russian-origin petroleum products falling under CN code 2710.

IN ORDER to meet Norwegian Hull Club’s ambitious marine-portfolio growth plans, as well as reinforcing its well-established service concept, The Club is pleased to announce that Anders Furnes has been appointed Senior Vice President (SVP) Marine.

On 5 December 2022, the EU / G7 implemented a prohibition on the maritime transportation of Russian crude oil to third countries (i.e. countries outside the EU / G7), unless purchased at or below a certain price level (the “Price Cap”). A corresponding prohibition in relation to Russian petroleum products will come into effect on 5 February 2023.

In this Casualty Information newsletter, we would like to draw attention to the Master’s command of a vessel in monopoly waters, particularly in situations where local personnel representing government officials exercise their power.

In this Casualty Information newsletter, we would like to draw attention to repair planning procedures, risk assessments and quality of repairs regarding deck and engine machinery and equipment.