Cover for intervention by state power in the Nordic Plan from 2019; a fair and timely compromise?

The Nordic Marine Insurance Plan 2013 (NP) Version 2016 has been revised and published in a new Version 2019, which will apply from January 2019. An important part of the revision has been to the cover for intervention by state power. The purpose of this article is first to give a presentation of th...

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Bibliographic Details
Main Author: Wilhelmsen, Trine-Lise
Format: Article
Language:eng ; nor
Online Access:Get full text
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Summary:The Nordic Marine Insurance Plan 2013 (NP) Version 2016 has been revised and published in a new Version 2019, which will apply from January 2019. An important part of the revision has been to the cover for intervention by state power. The purpose of this article is first to give a presentation of the new regulation and the background for the changes that have been made. Secondly it is also to illustrate the advantages of the Nordic Plan model for construction and maintenance of marine insurance contracts. To emphasise this point, some comparison will be made with the UK regulation, without seeking to go into depth on this issue.
ISSN:1478-8586