SlideShare a Scribd company logo
Effects of the MLC
on P&I insurance
THE NORWEGIAN SEA HEALTH CONFERENCE, 19TH APRIL 2012
BY KRISTIAN VALEVATN
ASSURANCEFORENINGEN SKULD (GJENSIDIG)
/ What is P&I?




                 SKULD.COM
A brief introduction to P&I

• Mutual insurance
• Club, not company
• «Members» rather than «clients»
• The International Group of P&I Clubs




                                         SKULD.COM
/ Effects of the
  MLC on P&I




                   SKULD.COM
Potential effects

• Sickness- and injury compensation
• Expenses due to abandonment
• Insolvency!

• Requirement for financial security




                                       SKULD.COM
/ Conclusions?




                 SKULD.COM
Conclusions

• Recommendations from the International Group
• Implementation in national legislation
• Your P&I Club will keep you updated!




                                                 SKULD.COM
/ Thank you!




               SKULD.COM

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Valevatn[1]