1. nordic plan: insuring the special needs of MOUs and their construction
Helle Hammer, Managing Director
Shipping and the Law
Naples, 25 October 2016

2. Nordic association of marine insurers
Trade association serving the Nordic lead market through;
comprehensive statistics
competence building
a common public voice
agreed all risks conditions

3. The nordic marine insurance plan
Comprehensive coordinated solution
Non-P&I marine & offshore covers
All risks principle
Agreed document
Clarity and certainty
Nordic claims handling

4. Efficient Claims handling
Claims Leader acting on behalf of all co-insurers
Salvage, removal, repairs
Third party claims
Guarantee / counter guarantee
Interest on claims > 1 month

5. The structure of the plan
Part 1 Common Rules Part 2 Hull insurance Part 3 Other insurances for ocean-going ships Part 4 Mobile offshore units (MOUs – Chapter 18) and other insurances

6. Typical MOUs to insure under Chapter 18
Mobile Offshore Drilling Units (MODUs) & Accommodation Units
Mobile Offshore Production Units (MOPUs)
Floating storage & specialised offshore units/vessels
Offshore Well Intervention/Light Well Intervention (LWI) Units/Vessels

7. Insurance of mous – chapter 18
Section 1 – General Rules to the Scope of Insurance
Section 2 – Hull & Machinery Insurance
Section 3 – Total Loss Insurances
Section 4 – Loss of Hire Insurance
Section 5 – War Risks Insurance
Section 6 – Construction Risks Insurance

8. Seamless cover: construction  operation
Operations Site
Integration Yard
Fabrication Yards
Vendors
BW Catcher: Global Project

9. Other features to cater for special needs of mous
Objects insured
Hull, superstructure, machinery/equipment on board, above water, subsea or in the well
Separate sums insured
Option to split for MOUs with disconnectable equipment
Separate objects when MOU away from field
One insured object when in field – regardless connected or not
Loss of main class
Safety regulations
Well pressure control equipment
MOU move plan
Measures to avert blow-out
Collision liability for damage to fixed installations
Source:

10. Thank you for the attention!