Articles on wr.no

31/05/2023

Insurers prevail in landmark ­Nordic Plan CTL judgment

Following a long legal battle before the Norwegian courts, the Court of Appeal has dismissed a claim by the owners of the vessel “Champion Express” for a constructive total loss (“CTL”) under the Nordic Plan. Wikborg Rein acted for the insurers in what has been the first Norwegian judgment on CTL since the now 31-year-old ND-1992-172 Berglift judgment.

11/12/2022

The 2023 revision of the Nordic Plan

The Nordic Marine Insurance Plan of 2013, version 2023, has recently been approved following negotiations between the Nordic shipowner associations and the Nordic Association of Marine Insurers.