THE NORDIC ASSOCIATION OF MARINE INSURERS Updated as per November 2015.

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THE NORDIC ASSOCIATION OF MARINE INSURERS Updated as per November 2015

MEMBERSHIP Trade association for Nordic marine insurance companies Foreign marine insurance companies engaged in one of the Nordic countries Insurance companies that provide legal assistance to shipping/offshore companies Management companies for such insurance companies

THE NORDIC MEMBERS OF CEFOR ENGAGE IN: Hull and machinery insurance (ocean & coastal) Protection and indemnity (P&I insurance) Cargo insurance Loss of hire insurance Legal defence War risks insurance Offshore energy insurance Builders’ risks insurance

SHARE OF WORLD FLEET – H&M

MARKET SHARE P&I P&I Clubs International Group Gross Calls 2013 (Premium) – Operational location

Organisation General Meeting Board of Directors Administration: Helle Hammer (Managing Director), Viggo Kristensen (Legal Counsel), Hilde Spro (Office Manager), Astrid Seltmann (Analyst/Actuary) 8 Forums: (1) Cargo, (2) Claims, (3) Coastal & Fishing Vessels, (4) Energy & Offshore, (5) Plan Revision, (6) Statistics, (7) Technical, (8) Underwriting

THE CEFOR MISSION To serve the interests of our Nordic members by promoting quality marine insurance, through comprehensive statistics, competence building, agreed all risks conditions, and a common public voice.

THE ASSOCIATION SHALL ENDEAVOR TO: 1.Make available to its members appropriate statistics from the NoMIS database to support the activities of the individual members and the general objectives of the Association. 2.Contribute to the provision of educational programmes, securing adequate competence development and expertise among its members. 3.Facilitate continuous evolution of competitive Nordic marine insurance conditions in collaboration with customers, brokers, legal experts, trade associations and other relevant parties. 4.Influence the industry’s framework conditions.

NORDIC MARINE INSURANCE STATISTICS (NOMIS) Ocean & Coastal hull claims 1985 – ,000 vessel years 81,000 claims Distribution by type of vessel, 2014

FRAMEWORK CONDITIONS Overall objective; - to promote legislation and industrial policies that are conducive to a sustainable and prosperous Nordic marine insurance market. Overall objective; - to promote legislation and industrial policies that are conducive to a sustainable and prosperous Nordic marine insurance market.

EDUCATION Nordic Marine Insurance Education Programme – Intermediate level Nordic Marine Insurance Plan Training Courses Seminars (Webinars)

INSURANCE CONDITIONS  Comprehensive all risks conditions  Agreed document with five signatory parties  Version 2016 agreed October 2015  Comprehensive Commentary   App version available

TYPE OF INSURANCE CONDITIONS IN THE NOMIS OCEAN HULL PORTFOLIO 2014

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