Norwegian Hull Club to pay back 7.5% Premium to Members
Norwegian Hull Club has recently announced a 7.5% proposed premium return (USD 13.6 million) for the year 2022 will be presented for approval at the Club’s AGM on 13 June 2023. If confirmed, this will be the third consecutive year of sharing profit with its members, which has shown reasonable stability in its financial performance despite the decision of ceasing ...
Continue ReadingNHC increase Charterer’s Liability limits to USD500m from 1st January 2015
The Norwegian Hull Club’s specialist Charterer’s Liability underwriting arm will, from 1st January 2015, be able to offer up to a USD500m limit of liability. Whilst not every charterer (or more frequently, owner) demands USD500m of cover, other markets in the form of many of the International Group (IG) Clubs, The Charterers Club and Raetsmarine, already write to USD500m. Charterama BV ...
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