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Skuld
magazine
NOVEMBER 2009 / issue 195
pulling
together
The end of Rule B / 14
Member and broker
survey / 17

Viewpoint
Douglas Jacobsohn
CEO
STRONG RESULTS
With reduced claims frequency and improving financial markets, Skuld
is enjoying strong results from both underwriting and its investment
portfolio. Our free reserves are once again above USD 200 million,
which is the same level as before the financial crisis. However, the
worst claims period of the year is still ahead and financial markets
must recover fully. It is therefore important to continue our focus on a
balanced technical result by maintaining high-quality membership in
our mutuality.
beacon NOVEMBER 2009 / issue 195
LAUNCHING THE NEW SKULD OFFSHORE SYNDICATE
Since the launch of Skuld’s rig and offshore energy activities in 2008,
Skuld’s Offshore Syndicate has quickly established a significant
portfolio of specialist offshore vessels and units. In this Beacon, we
take a closer look at Skuld’s offshore team and the activities and
insurance needs of three different offshore members.
Feedback from Skuld members and brokers is important to us. Thank
you to everyone who replied to our survey earlier this year. To see a
results overview, please refer to page 17.
Personnel news presents several new members of staff. I am pleased
to see so many new faces and such high competence joining Skuld,
knowing that this also reflects Skuld’s growing appeal as an attractive
employer.
photo: laney Chouest, ECo
Douglas Jacobsohn
Skuld
magazinebeacon
NOVEMBER 2009 / Issue 195
Beacon (Skuld Magazine) is the official publication of Assuranceforeningen Skuld (Gjensidig)
Address P.O. Box 1376 Vika, NO-0114 Oslo, Norway, Tel +47 22 00 22 00, Fax +47 22 42 42 22
E-mail ingeborg.berge@skuld.com editor in chief Ingeborg Berge Editorial staff Lise Larson,
offshore feature SAY: PR & Communications as Layout Transmission AS Repro and printing 07
Group Front page Offshore supply ship approaches platform back page Heavy lift ship loading cargo
Photo: Peet de Rouw. Entire contents ©2009, all rights reserved. Reproduction in whole or in
part, without written permission from Skuld, is prohibited. Opinions expressed by writers in Beacon
are not necessarily those held by Skuld. Skuld assumes no responsibility for unsolicited material
WWW.SKULD.COM
8Just how
serious is
Edison Chouest
Offshore?
Some people aren’t afraid of fully
embracing the well-known American idiom,
”put your money where your mouth is”.
Gary Chouest is one of these people.

contents
News feature: Pulling together
4 Skuld offshore – the clear market alternative
8 ECO – just how serious is Edison Chouest Offshore?
10 FARSTAD – far from just average shipping
12 Bard – the answer is blowin’ in the wind
Legal issues
14 The end of Rule B
16 Regulations... and more regulations!
Current
17 Member and broker survey 2009
18 Almost invisible – completely indispensable
20 Maritime trainee Stefan Gattberg
4
Pulling
together
Big when it matters, but small enough
to provide a bespoke service combined
with smart solutions, best describes
Skuld’s Offshore Syndicate.
news
21 Personnel news
23 News
18
Almost
invisible –
Completely
indispensAble
Skuld helps you manage risks more actively.
We’re there all the time – often unnoticed
– until the unexpected happens and our help
is needed.

News feature
PULLING TOGETHER
pulling
togethe
photo: eco

News feature
PULLING TOGETHER
/
r
The global offshore industry is changing. ALTERNATIVE ENERGY
IS gaining ground. A new generation of multifunctional,
technically advanced and eco-friendly vessels engage in
highly specialised deepwater activities. Skuld’s offshore
team is passionate about partnering with clients to protect
their assets through improved clarity of insurance cover.

News feature
PULLING TOGETHER
SKULD OFFSHORE
The clear market
alternative
Big when it matters, but small enough to provide a bespoke service combined with smart
solutions, best describes Skuld’s Offshore Syndicate, which is looking to add more quality to
its current portfolio during 2010-2011.
According to Gregory Thomas, Skuld’s current offshore members and
clients are getting the best of both worlds – the security, size and
resources of a world-leading P&I club and niche capabilities of a
quick-action, dedicated offshore team.
“We are part of a sizeable organisation with significant experience and
access to risk advisory services, which enables us to offer the best
advice,” says the Skuld Senior Vice President and Head of Offshore
Syndicate. “On the other hand, we are a small focused team offering a
high-level service to our clients across the world. It’s a good mix.”
Since launching the new Offshore Syndicate in April 2008, the
syndicate has quickly established a significant portfolio of specialist
offshore vessels and units, from construction, cable layers and
anchor-handling tug supply vessels to FPSOs, drilling rigs and
heavy-lift ships.
Can a small offshore team of five handle major challenges of
global offshore clients?
As Skuld’s offshore portfolio grows, so do the challenges. Today’s
offshore and gas operators perform in an environment of increased
responsibility and accountability. Insurance professionals capable of
providing specialist advice and covers in this unique operating arena
are in strong demand, as can be seen from the level of enquiries
submitted on an almost daily basis to the team.
Assisting its clients in navigating around some of the very serious
contractual issues, Skuld is able to provide tailor-made insurance
solutions to cope with certain contractual issues, as well as the
specialist advice and service that you would expect from the Skuld brand.
The question is, can a relatively small but specialist team handle
major challenges of global offshore clients?
Without a doubt, believes Greg, who readily talks about unlocking the
full potential of Skuld’s existing business, international resources and
expanding the team.
“A high degree of P&I insurance and offshore industry expertise is
necessary to create sustainable business. We have this. The major
strength of our team is considerable hands-on experience from the
offshore industry. By adding this experience to Skuld’s strength and
expertise in capital and risk management, we bring knowledgeable,
well thought-through solutions to the table.”
“The
development
of Skuld’s
offshore
business
is about
partnering
with clients
to improve
clarity of
cover”
“We intend to expand our team
within the next few months, thus
strengthening our expertise and
global representation to grasp
new opportunities and provide all
clients and members with the
same level of service.”
Fairness and awareness:
Protect what’s of value for
each client
The development of Skuld’s
offshore business is about
partnering with clients to improve
clarity of cover, exchanging
offshore business experience and
clearly defining service scope.
Offshore P&I is in essence
commercial insurance policies
sold by a mutual organisation.
It’s a hybrid, somewhat out-ofthe-ordinary
range of marine
insurances and can be complicated
to piece together. Hearing market
reports about frustrated offshore
shipowners and operators
challenged by complex and often
ambiguous insurance covers,
Skuld decided to simplify its
offshore cover to give clients
clarity and a better understanding
of the insurance they’re buying.
“Before launching our offshore
services, we researched the
market and quickly recognised
widespread frustrations. Simply,
we removed the non-clarity found
in P&I insurance rules and
replaced it with fairness and
awareness. We replaced
uncertainty with certainty. All
parties have benefitted,” says
Greg. “The Skuld offshore terms
6 beacon / NOVEMBER 2009

News feature
PULLING TOGETHER
/
The offshore business requires in-depth knowledge and experience about the specific challenges of sophisticated vessels engaged in a wide range of specialised offshore activities.
and conditions are testimony to
the clarity of cover that we wanted
the market to have.”
Skuld’s offshore ambition is
clear: it will be a major market
provider of comprehensive
insurance covers for owners,
charterers and operators of
vessels working in all offshore
sectors. And service will be the
key to success.
The offshore business requires
in-depth knowledge and experience
about the specific challenges of
sophisticated vessels engaged in a
wide range of specialised offshore
activities. Whether discussing
issues about anchor handling,
towing, ROV support, construction
or maintenance work, insurers
must be fully aware of the risks.
Meeting the needs of the
customer is all about anticipation,
being proactive rather than
reactive and looking for solutions
beyond the everyday.
Therefore, it is not a surprise to
hear that Skuld’s offshore team
is passionate, very passionate in
fact, about phrases like ‘inside
track’, ‘inside knowledge’,
‘differentiating the risk’ and
‘face-to-face’.
“We know our business and see a
valid basis for differentiation in
the P&I offshore market. We
intend to provide the market with
services that meet the needs and
wants. We understand that being
dynamic, forward looking and
innovative, like the clients we
serve, is a big part of our offering,”
says Greg.
Skuld Offshore’s goal is not to tell
the industry what to do, but to
make the best insurance product
through close client relationships
and a hands-on team focused on
keeping clients informed and
promptly handling requests.
“We do everything we can to
provide invaluable offshore
knowledge and expertise while
offering all our clients truly
personal service,” concludes
Greg.
/
The Offshore team
Gregory Thomas joined Skuld in 2008
as SVP Head of Offshore. He has also
worked for Subsea 7, STAR Reefers and
the London P&I Club.
Christofer Kobro joined Skuld in 2005
in Defence and moved to Offshore in
2008 where he works as Senior Executive.
He has earlier experience from a law firm
and the Norwegian Maritime Directorate.
Bernt Hellman joined Skuld in 2008 as
Client Servicing and Marketing Executive
having worked previously for Subsea 7,
Pohjola Non-Life Insurance Co. Ltd. and
Sampo Industrial Insurance Co. Ltd.
Anne Lise Ødegård has had several
positions in Skuld; Accountant, Credit
Controller and from 2000 as Underwriting
Assistant for Syndicate 2. She joined
Offshore in 2009 in the same position.
Offshore also draws on claims handling and defence
expertise from the other Skuld syndicates.
beacon / NOVEMBER 2009 7

News feature
PULLING TOGETHER
Skuld client: eco
Just how serious is Edison
Chouest Offshore?
Some people aren’t afraid of fully embracing the well-known American idiom, ”put your money
where your mouth is”. Gary Chouest is one of these people. What he believes in, he supports.
He is a doer and not a talker. And when he defines the company’s business goal: “to better
service our customers” he – and the employees of the Louisiana-based Edison Chouest
Offshore (ECO) company – are serious.
But just how serious? Serious
enough to own and operate six
shipyards to build offshore ships
better and more efficiently. Serious
enough to develop two ports and
turn them into multi-service
marine complexes able to fully
service any offshore client. Serious
enough to develop in-house DP
(Dynamic Positioning) and integrated
bridge technology. Serious enough
to have its own state-of-the-art
training center undertaking a
wide range of safety-driven
activities from indoor helicopter
rescue exercises and firefighting,
to bridge and DP training. And
the list goes on…
ECO has been serious about
developing advanced and highquality
offshore service vessels and
services when it established the
Louisiana-based shipyard, North
American Shipbuilding, in 1974. Two
years later, it birthed its very own
anchor handling tug supply vessels.
The rest is history. Today, ECO
owns a total of six shipyards and
has built more specialized offshore
vessels than any other company in
the world. Further, it owns and
operates a fleet of approximately
185 offshore vessels worldwide
with the majority in the USA,
Mexico, Brazil and West Africa.
At the end of 2000, ECO had a
fleet of 50 offshore vessels, but
wanted to expand. It launched a
massive newbuild program and
within four years took delivery of
six deepwater supply vessels, two
fast supply vessels, and, at that
time, the world’s largest anchorhandling
vessel, Laney Chouest.
Since 2003, the core of ECO’s
newbuild program has been a
series of 42 new-generation
4,750 DWT deepwater 280-ft
offshore supply vessels. And
according to ECO, the vessels
have revolutionized the industry,
performing remarkably well for
clients in the US Gulf of Mexico
and Brazil.
But ECO is witnessing an evolution
in the nature and function of its
support vessel fleet. The move to
deeper water requires more
specialized and technically sophisticated
vessels to support complex
deepwater field developments.
The 280-ft series is winding down
giving way to a new series of
twelve 300-ft, 5,300 DWT deepwater
diesel electric offshore
supply vessels.
The propulsion systems have
become more sophisticated,
“ECO owns a
total of six
shipyards
and has
built more
specialized
offshore
vessels than
any other
company in
the world”
fitting diesel-electric arrangements
to provide greater flexibility to
internal arrangements. The
smaller footprint of the engine
room offers alternatives for
optimizing space for supporting
rig operations, such as increasing
liquid mud tank capacity to
around 5,000 bbl.
“Our diesel electric design
complies with all new emissions
standards and IMO regulations.
This flexible design represents an
efficient means of propulsion,
resulting in improved fuel
efficiency, increased control and
lower maintenance costs,” says
Gary Chouest, CEO.
Supporting something that he
strongly believes in, Gary
confirms that all 12 ships will be
built at ECO-owned shipyards in
the USA and Brazil. Further, the
vessels will incorporate a wide
spectrum of Chouest services,
from its own design and integrated
bridge solutions, BridgeMate,
to DP and integrated ROV/vessel
solutions.
“ECO will continue to provide
new-generation vessels that
meet the requirements of the
deepwater operators,” says
Chouest.
8 beacon / NOVEMBER 2009

News feature
PULLING TOGETHER
/
/
About Edison Chouest
Offshore
/ Established 1960
/ Owns affiliates specializing in offshore
shipbuilding and repair, design,
specialized equipment and offshore
services
/ USA’s largest independently owned fleet
of specialist offshore vessels
/ Currently building a series of 12 x 5,300
DWT deepwater diesel electric offshore
supply vessels at ECO yards
C-port – ECO’s groundbreaking offshore terminal.
/
Covers
With a fleet as large and diverse as that
of Edison Chouest, specially crafted
covers tailored to the fleet are required.
/ Coverage is provided via a combination
of ordinary P&I and specific extensions
from Section B of Skuld’s Offshore
Terms and Conditions
/ Cover may include specialist operations,
extra contractual liability cover, personnel
and ROVs (Remotely Operated Vehicles)
operating from third-party sites, etc.
/ Limits of cover may depend on type of
vessel and operation, and are tailored to
fit with local statutory insurance and
umbrella liability covers
Skuld asks all partners to consult them for
precise confirmation of operational cover.
ECO’s state-of-the-art training center undertakes safety-driven activities from indoor helicopter rescue
exercises and firefighting to bridge and DP training.
Whether maintaining its own
training center, upgrading its
purpose-built ports designed to
service the offshore industry, or
making substantial shipyard
investments complete with
state-of-the-art equipment,
ECO is all hands-on.
Since 2002, ECO has paid some
USD 22 million in safety bonuses
to its vessel, shipyard and port
facility crews. Putting your money
where your mouth is – obviously
not a problem at ECO.
read more
www.chouest.com
beacon / NOVEMBER 2009 9

News feature
PULLING TOGETHER
Skuld client: Farstad
Far from just
average shipping
If Far Samson is more than just an average offshore vessel, then
Farstad Shipping ASA is more than just an average offshore company.
Being far more than average suits Farstad Shipping just fine. The
company’s framework for worldwide operations is built on above-theboard
standards defining how they work and who they are.
With their new generation of eco-friendly offshore vessels Far Samson,
Far Sagaris, Far Scorpion and two upcoming newbuilds for delivery in
February and April next year, Farstad Shipping is building a strong
reputation for high and proactive environmental standards and crew safety.
“We view health, safety, environment and quality as vital competitive
advantages. The offshore sector continues to stipulate steadily stricter
requirements concerning precision and safety to minimise the offshore
industry’s impact on the environment,” says Børge Nakken, Head of the
Project Department, Farstad Shipping ASA.
Team with the best to be the best
Nakken is proud of Farstad Shipping and especially Far Samson,
underlining that in teaming up with the best, you become the best.
“Together with in-house and external offshore professionals, Rolls
Royce Ship Technology Offshore, and STX Norway Offshore Langsten
with their key suppliers, we built an amazing ship. In addition to carrying
out heavy-ploughing operations for pipes and cables on the seabed, it
can also handle construction and installation work in ultra-deep
water, towing, remote underwater vehicle (ROV) and other challenging
subsea operations,” says Nakken.
Far Samson’s main propulsion machinery and additional electric boost
power produce a propulsion effect of more than 26,000 kW on the main
propellers, giving maximum bollard pull of 377 tons using main
propulsion propellers alone, or a record-breaking pull of 423 tons
including the three azimuthing retractable thrusters.
The multifunctional vessel can cut trenches in the seabed in water up
to 1,000 m deep.
“Far Samson
is all
about no
compromise”
Built according to DNV’s strictest
environmental class ‘Clean
Design’, Far Samson is iceclassed
for operation in northern
waters and has the highest
redundant class for dynamic
positioning (DP-3).
“Reduced fuel consumption and
NOx, CO 2
and SOx emissions
mean less impact on the environment.
Equipment installed on Far
Samson reduces NOx emissions
by up to 95%. This is a ship for
the future,” says Nakken.
From Ålesund, Melbourne and
Aberdeen to Rio, Singapore and
Angola, Farstad Shipping will
continue to expand its global
footprint, actively involved
in conventional offshore activities
with a modest reach into
demanding subsea and
construction applications.
Skuld Offshore partners with
Farstad Shipping to provide a
specialist service in arranging
and structuring insurance portfolios
to cater to the specific
needs of vessels like Far Samson
operating in demanding oceanic
and legal environments.
No compromise
Far Samson is all about ‘no compromise’. All on-board installations
aim to reduce annual overall fuel consumption without compromising
the utilisation and performance of the vessel and safety.
read more
www.farstad.no
10 beacon / NOVEMBER 2009

News feature
PULLING TOGETHER
/
/
About Farstad Shipping
/ Established in Ålesund, Norway in 1956 it
operates a fleet of 56 vessels (24 PSV, 29
AHTS and three CSV with two more AHTS
to come)
/ Awarded the Heyerdahl Award in 2009 for
its focus on environmental performance,
efficiency and innovativeness
/ Maintains that human resources are, and
have been, a major critical success factor
/ Signed a three-ship, NOK 580 million
charter agreement with Brazil’s Petrobras
/
Covers
Such offshore vessels are covered
through a combination of mutual P&I and
other covers based on Skuld’s Offshore
Terms and Conditions – Section B.
/ Coverage for liabilities not otherwise
covered by the mutual entry, including
liabilities for performing specialist
operations, extended contractual
liabilities and operation of ROVs (Remotely
Operated Vehicles). These covers also
include third party liabilities
/ Limits available depend on type of
contract and nature of operation. They
do not typically exceed USD100 million
/ Premium for certain contractual
liabilities varies according to the type of
contract typically executed
The multifunctional vessel Far Samson – the most powerful offshore ship ever built – was awarded
‘Ship of the Year 2009’ by the Offshore Support Journal.
Skuld asks all partners to consult them for
precise confirmation of operational cover.
beacon / NOVEMBER 2009 11

News feature
PULLING TOGETHER
SKULD CLIENT: BARD
The answer is blowin’ in the wind
When Bob Dylan sang “Blowin’ in the Wind” released on his 1963 album,
The Freewheelin’ Bob Dylan, he probably wasn’t thinking about wind
energy. Grass roots revolutionist Dylan was, in his opinion, just stating
the obvious; the answer to peace, war and freedom was clear, right in
your face, like the wind.
It’s obvious. The new revolution in
electricity generation is wind – a
domestic, inexhaustible source of
free energy. “The fact that wind
power is now mainstream is
simply good news. Wind power is
one of the cleanest and most
environmentally wholesome energy
sources in the world today. It is a
powerful climate change solution,
ready to deliver emissions reductions
that are large in scale, effective
immediately and affordable,” says
Heiko Ross, Managing Director,
BARD Holding GmbH.
BARD is a company specialising
in offshore wind and was the first
company that focussed on
developing, installing and operating
offshore wind farms. In five years,
BARD has developed into a
unique turn-key supplier of
offshore wind farms involved in
all stages of the value chain:
development of offshore wind
farms; manufacturing of wind
turbines, rotor blades and Tripile
foundations; offshore installation
of wind farms; and the operational
management of offshore wind
farms. BARD projects in the pipeline
will generate more than 3,000
megawatt nominal power supply
in the North Sea area, which
amounts to the power of two
conventional large-scale power
plants. Incidently, North Sea wind is
most often force 4 or 5, but during
the summer (May to August) the
wind is 1 to 3. Winds are strongest
in winter, reaching or exceeding
force 7 for about five days a month.
Wind turbines are a great resource
for generating energy in remote
locations such as the North Sea,
but the industry faces several
challenges in relation to water
depths and the development of
commercially efficient projects,
from the improvement of turbine
technology and production to
economy-of-scale installation
and wind farm management.
“This offshore wind industry is new
and we are in a fast-growing future
market. Market standards are still
developing and we are in the front
row. The learning curve is steep
and BARD as a pioneer can gain a
lot of advantages,” says Heiko.
The demand for new wind turbine
installation and maintenance
solutions led BARD to the drawing
board to create a unique design
for its own purpose built jack-up
vessel, Wind Lift I. So far, floating
cranes and self-elevating platforms
– as used in the oil and gas
industries – have been chartered
for the installation of offshore
wind turbines. Existing vessels
were rebuilt and equipped with
jack-up legs to transport and
install offshore wind foundations
and generators at locations close
to shore in shallow waters. Wind
Lift I, however, is specifically
designed to install wind turbines
in open seas at water depths
up to 40 metres. “Our jack-up
vessel is unique. It measures 102
metres in length and is capable
of hydraulically self-elevating out
of the water on its four 70+ metre
legs, thus offering a safe and
stable platform to work on even
during strong wind and heavy
seas,” says Heiko. “Its 500-ton
main crane has a maximum
lifting height of 121 metres.”
As a jack-up owner responsible
for operation, crews and a new
set of offshore dangers, such as
vessel motions, sloshing, collisions
and lift and maintenance operations,
BARD turned to Skuld.
/
COVERS
“Installing and maintaining wind
turbines 100 km from shore poses
a wide range of challenges. We
needed a partner to assist us in
coping with these challenges.
Skuld understands risk management
standards for mobile offshore
units and the key insurance
issues regarding health, safety
and the environment,” says Heiko.
read more
www.bard-offshore.de
Operations similar to Bard’s are covered through a
combination of mutual P&I, and other covers based
on Skuld’s Offshore Terms and Conditions
– Sections A and B.
/ Construction companies can seek to cover specialist
operational liabilities not normally covered
through ordinary P&I and gaps in their insurance
for vessels executing works
/ Covers may include or relate to certain aspects of
towage, third-party liabilities during construction,
specialist offshore platforms and installations, or
even certain contractual liabilities
/ Coverage for liabilities to the contractual work is
not covered. Such liabilities are normally assumed
under the Construction policy (CAR or BAR) or, in
some circumstances, via indemnities from the
contracting partner(s)
Skuld asks all partners to consult them for precise
confirmation of operational cover.
12 beacon / November 2009

News feature
PULLING TOGETHER
/
Wind Lift I is specifically designed to install wind turbines in open seas at
water depths up to 40 metres.
beacon / November 2009
13

LEGAL
ISSUES
From New York
No longer attached – Electronic Funds Transfers passing through New York banks are not the property of the defendant.
THE END OF RULE B
Court of Appeals issues a surprise decision: Electronic Funds Transfers (EFTs)
are not ‘attachable property’ under Rule B.
On October 15, 2009, the United
States Court of Appeals for the
Second Circuit, which covers the
United States District Court for
the Southern District of New
York where most Rule B
attachment cases are filed,
issued a decision in The Shipping
Corporation of India Ltd. v. Jaldhi
Overseas Pte. Ltd. overruling
Winter Storm Shipping, Ltd. v.
TPI, 310 F.3d 263 (2d Cir. 2002)
finding that Electronic Funds
“The much
used Rule B
attachment
of EFTs
in New York
is over”
Transfers (EFTs) at intermediary banks are not the property of
defendants and therefore cannot be attached. This, in effect, means
that the much used Rule B attachment of EFTs in New York is over.
Supplemental Rule B for Certain Admiralty and Maritime Claims
(Rule B) states: “If a defendant is not found within the district…, a
verified complaint may contain a prayer for process to attach the
defendant’s tangible or intangible personal property – up to the
amount sued for – in the hands of garnishees named in the process”.
The remedy had traditionally been used to attach any property of the
defendant, such as bunkers, real property, and funds held in bank
accounts. However, the Winter Storm decision found that EFTs to or
from a defendant are attachable as they pass through banks.
14 beacon / November 2009

By Charlotte Valentin
Assistant Vice President, Skuld North America
charlotte.valentin@skuld.com
LEGAL
ISSUES
/
All wire-transfer transactions in US Dollars must pass through a US
bank and the vast majority pass through a bank in New York. This led to
the common practice of filing Rule B attachment lawsuits in federal
court in New York.
With Jaldhi the court specifically overruled Winter Storm. The court
found that the Winter Storm court’s reliance on the Daccarett case,
which allowed attachment of drug money was ‘misplaced’ because
under forfeiture laws, funds that are not the property of defendants
can be attached. Since the court found that there was no federal law
on the issue, it looked to New York state law, which does not allow
attachment of EFTs at an intermediary bank. Accordingly, the court
found that EFTs possessed by intermediary banks were not the
property of the defendants and cannot be attached.
The decision emphasized the alleged burden on the district courts
and the banks in dealing with Rule B attachments as well as the
potential threat to the use of US Dollars in international transactions
as a result of Rule B attachments. Also noteworthy is the fact that
the only issue before the court was whether beneficiary funds (funds
paid to the defendant) were attachable, but the court chose to look at
the overall issue of whether EFTs are the property of the defendant.
No one in the maritime legal community in New York expected the
Second Circuit to look at that broader issue in this particular case or
at this particular time. The court also used a very unusual procedure
of polling all the judges on the court, all of whom agreed with the
decision, instead of a formal en banc hearing.
The decision is expected to be appealed. However, the Supreme
Court has discretion whether or not to accept the appeal and may
very well decide not to hear the case. The Jaldhi decision was not
clear on what will happen with funds currently under attachment.
This concerns both funds that remain under attachment at the banks
and funds that have been deposited with the court registry. Nor was
there any direction as to what happens to bonds or club LOUs issued
either as a result of funds being attached or a Rule B filed with no
funds attached. Some Southern District of New York judges have
begun to issue Orders to Show Cause why Rule B cases should not
be dismissed or simply dismiss them outright. Other judges have not
taken any action on their Rule B cases and may wait to see whether
there will be an appeal.
There is concern among many of the New York maritime firms that it
would create an ethical conflict for them to represent both plaintiffs
and defendants in Rule B cases now that the issue is whether funds
should remain under attachment. It would require them to make
opposite arguments to the same judges on different cases. Accordingly,
some firms are choosing to represent only plaintiffs or only defendants.
Companies that have registered to do business in New York to avoid
Rule B attachments must now consider whether to de-register. Such
companies are subject to the unlimited general jurisdiction of the
New York courts and may be sued in New York in respect of matters
arising anywhere in the world,
including suits to enforce foreign
judgments and arbitration
awards. The de-registration
process can be time consuming.
While the Jaldhi decision ends
the common practice of filing
Rule B attachments against
EFTs in New York, the traditional
use of Rule B attachment to
attach property still exists.
Accordingly, if information is
available that a company has a
bank account in a New York
bank, owns bunkers on a vessel
in New York, or owns any other
property in New York, that property
can still be attached providing
the company does not have a
presence in New York (by having
an office or being registered to
do business in New York). This is
also true for any other jurisdiction
in the US.
read more
www.skuld.com
“Companies
that have
registered
to do
business in
New York
to avoid
Rule B
attachments
must now
consider
whether to
de-register”
beacon / November 2009 15

Legal
issues
By Charles B. Anderson
Senior Vice President and Head of Office, Skuld North America
charles.anderson@skuld.com
Washington update
Regulations…
and more regulations!
Late summer brought a surge of rulemaking activity from the US Coast Guard that perhaps
sees a shift from its focus on maritime security. New rules deal primarily with the requirements
for responding to an oil spill in US waters and will significantly affect both tank and non-tank vessel
owners and operators.
New oil spill removal requirements
for tank vessels and
Marine Transportation Related
(MTR) facilities
On 31 August the Coast Guard
issued a final rule, effective
30 September 2009, which
establishes nationwide industry
requirements for new technology
and revised methods of responding
to oil spills in US waters and the
Exclusive Economic Zone (EEZ).
The new regulations will require
tank vessel and MTR facilities to
contract with response providers
meeting new dispersant planning
standards, such as the identification
of dispersant staging areas
and application platforms –
including fixed-wing aircraft – as
well as appropriately trained
personnel, capable of deployment
within seven hours of a decision by
the Federal On-Scene Coordinator
to use dispersants. Alternatively,
planholders may designate an
existing Oil Spill Removal
Organization (OSRO) approved by
the Coast Guard as meeting the
new dispersant requirements.
The rule also requires planholders
to identify aerial tracking resources
capable of arriving on scene in
advance of the arrival of the
response resources identified in
the plan and for a distance of
50 miles or more from shore.
The compliance deadline for
submitting changes to tank vessel
response plans to demonstrate
compliance with these new
requirements is 22 February 2011.
Extended compliance date for
salvage and marine firefighting
requirements
In December 2008 the Coast
Guard published a final rule
establishing salvage and marine
firefighting requirements for tank
vessels. The rule required planholders
to contract with salvage
resources and established
response time and drill and
exercise requirements (see News,
23 June 2009 on skuld.com). The
compliance date was originally
set for 1 June 2010. The Coast
Guard’s 31 August final rule
postponed the compliance date
for the salvage and firefighting
requirements to 22 February 2011,
in order to coincide with the
requirement for planholders to
resubmit response plans pursuant
to the final rule and avoid the
need to update their response
plans twice within a 12-month
period. The Coast Guard intends
to issue a Navigation and Vessel
Inspection Circular (NVIC) in the
near future to provide further
guidance to industry on unresolved
compliance issues, such as the
use of Lloyd’s Open Form of
Salvage Agreement to meet the
contractual requirements.
Proposed rules for non-tank
vessel response plans
On 31 August the Coast Guard
also issued its long-awaited
proposed rules for non-tank
vessel response plans.
The proposed rules would require
non-tank vessel owners and
operators to prepare and submit
plans for responding to a worstcase
discharge of oil and would
impose other requirements
similar to those in the current tank
vessel response plan regulations.
In addition, the proposed rules
would align US domestic shipboard
oil pollution emergency
plan (SOPEP) requirements with
the current international SOPEP
requirements in MARPOL Annex I,
and would require the submission
of vessel response plan control
numbers as part of the required
notice of arrival (eNOA) information.
The deadline for submitting
comments on the proposed rules
is 30 November 2009.
What should members do about
the new regulations?
Members should carefully review the
new rules, which are available at:
http://edocket.access.gpo.
gov/2009/pdf/E9-20311.pdf
and
http://edocket.access.gpo.
gov/2009/pdf/E9-20310.pdf
Members should also contact
their designated spill managers
and OSROs to insure they are
taking the necessary steps to
meet the new tank vessel
response plan requirements well
before the regulatory deadline.
“compliance
deadline for
tank-vessel
response planS:
22 February 2011”
read more
For a more detailed version of this
article, please see
www.skuld.com/publications/Beacon
16 beacon / November 2009

Current
What do you think of Skuld?
Member and broker survey 2009
Thank you to everyone who took the time to answer our June survey.
Your feedback is much appreciated.
We commissioned the survey to highlight where we can improve and,
in particular, how we can better serve our members and brokers.
An electronic questionnaire was sent out via e-mail from a professional
market research institute (Synovate in Norway) together with an
introductory letter from our CEO. A reminder followed two weeks later.
All our owner and charterer members and brokers registered with
e-mail addresses were contacted. The survey was kept short and to
the point to reduce respondent time and to hopefully increase the
response rate. Unfortunately, this turned out to be disappointingly low
at 21% (288 responses), which can weaken statistical reliability when
breaking down results.
However, there is a good division between members and brokers and
results show a fair geographic spread. Furthermore, as 47% or 135
respondents are in ‘top management’ and 53% or 153 respondents are in
claims- or insurance-related positions, we have strong numbers in each
main category. All these factors are good news for the study’s reliability.
Why do members and brokers choose Skuld?
Both members and brokers list service level as the most important
factor when choosing Skuld as their P&I club (75% vs. 74%), followed
by price level (50% vs. 46%) and financial strength (40% vs. 46%). In
addition, several brokers left interesting comments on what would
make them recommend Skuld more often to their clients.
A positive view of Skuld
Respondents were asked to rate
several statements regarding the
club taken from an internal Skuld
cultural survey conducted last
autumn. This measured staff’s
general view of Skuld in relation
to the club’s tagline ‘The new
generation P&I club’ and how they
rated Skuld’s performance according
to its corporate values; Accurate,
Bold, Caring and Dedicated.
By using some of the same
statements for the latest study,
we can compare Skuld staff views
with those of our members and
brokers. Results are generally
very positive.
On Skuld’s communication
Respondents seem to be open
for wider use of electronic
communication. Our website,
Extranet (today including
members’ or brokers’ claims
reports and statistics) and Skuld’s
Online Charterer Declaration all
receive positive feedback from
those who use them. However, we
still face a challenge in attracting
more web users and increasing
usage of these extra services. On
the other hand, we are happy to
note that Beacon is well read and
received. A total of 67% say that
they read most or some articles.
Many comments and suggestions
Most respondents also commented
on their technical or legal information
needs and provided suggestions
for changes and improvements
they would like to see in Skuld.
These comments and the survey
results are now being evaluated
and will be followed up with
specific actions aimed at improving
the club’s performance.
Views of Skuld – comparison of current
member and broker survey with the 2008
Skuld internal cultural survey (%)
Service level is the most important factor
when members and brokers choose Skuld
as a P&I club
Beacon appears to be well read
among respondents
Skuld is a well run and efficient P&I club
25 50 14 2 1 7
14 40 32 12 2
Skuld is a modern and future-oriented P&I club
22 50 16 2 2 9
14 39 34 10 2
1
Skuld has employees with excellent qualifications
24 48 15 2 2 9
14 39 31 15 1
Market survey 2009
Agree strongly Disagree strongly Don’t know
Cultural survey 2008
Very close
Not at all
Service
level
Price
level
Financial
strength
Range of
insurance covers
Price
predictability
Standard & Poor
rating (A-)
14%
6%
12%
17%
9%
11%
Members
50%
46%
40%
46%
Brokers
75%
74%
Read most
of it
Read selected
articles
Read titles and
some articles
Just leaf
through it
Do not read
the magazine
Don’t know /
Don’t know the
magazine
6%
7%
12%
19%
26%
30%
beacon / November 2009 17

Current
From Skuld’s annual review
Written by
Name Surname
Job title, Skuld
name.surname@skuld.com
Intro text
Text
“quote from
text”
ALMOST INVISIBLE
COMPLETELY INDISPENSABLE
Skuld helps you manage risks more actively. We’re there
all the time – often unnoticed – until the unexpected
happens and our help is needed.
18 beacon / NOVEMBER 2009

CURRENT Current
/
CONTAINERS OVERBOARD
Environment:
07:00 AM / 7 December 2007
Off the South Korean coast
Hebei Spirit oil spill
Skuld’s proactive approach helped
master and crew and facilitated
innovative agreements, quick
compensation and successful
clean-up.
People:
Text 11:35 AM / 11 January 2007
Atlantic Ocean off the US East
Coast near Norfolk, Virginia
36º 32’ N 73º 34’ W
Personal injury at sea
Skuld is committed to caring for its
members. We are there in the background
ensuring that everything goes
as smoothly as possible.
Property:
00:18 AM / 8 December 2007
Bay of Biscay, France
48º 53’ N 04º 03’ W
Containers overboard
Invisible but always on call,
Skuld ensures that members
receive dedicated support.
Skuld frequently works behind the scenes. often, the
less visible we are the better we can do our job.
In this year’s annual review, we took a closer look at what Skuld’s
practical approach to customer service means on a day-to-day basis
for our members and clients.
People, property and the environment
Through three case studies we examined how Skuld helps protect
people, property and the environment. We followed members of
Skuld’s staff as they helped members stay focused on their businesses
by problem solving and providing general assistance.
In addition, the full review included a report from Skuld’s CEO on the
importance of transparency and how the club navigated through
financial markets in turmoil. The chairman of the board referred to the
completion of one of Skuld’s most successful renewals in recent
times, no unbudgeted calls and yet another positive technical result.
Commercial approach
The annual review did of course include key figures and full accounts.
In addition, Skuld Underwriting reported increased tonnage, declining
average age of entered vessels and a growing focus on the offshoreenergy
markets attracting new members and clients. Claims and
defence reported a commercial approach with high-authority limits
and short lines of command that helped provide fast solutions for
members and minimised claims’ impact on members’ businesses.
Skuld’s human resources
referred to increased focus on
corporate values and knowledge
sharing and management as
crucial elements.
“quote Skuld works relentlessly from behind
text”
the scenes to help our members
succeed. Although much of our
work is ‘invisible’, we’re glad to
say that our results are clear for
all to see.
More on Skuld Web
As Skuld cares about the environment,
we do not print our annual review.
Instead, the review for the year ending
20 February is published on
www.skuld.com/publications.
Full accounts were presented at
our Annual General Meeting
in September 2009.
beacon / NOVEMBER 2009
19

CURRENT
By Ingeborg S. Berge
Vice President Marketing & Communication
ingeborg.berge@skuld.com
an investment in the future
Maritime trainee
Stefan Gattberg
When Stefan Gattberg was searching the web for trainee positions in
shipping early 2008, he suddenly came across the Maritime Trainee
programme of the Norwegian Shipowners’ Association.
At that point, after taking a law
degree at the University of Lund,
Sweden, Stefan was busy finalising
his MA in maritime law at the
University of Oslo.
– Stefan, why a trainee programme?
I wanted to be more than a lawyer.
I wanted broader competence
and to be part of the international
shipping business. I have always
enjoyed sailing and spent almost
four years in the Swedish Navy,
so the maritime world seemed
like a natural choice.
– After applying, what happened?
Scandinavian trainee programmes
are very attractive (1,000 applicants
for 25 positions, editor’s comment),
so the tests and interviews were
tough but exciting. I was very
read more
www.rederi.no
www.maritim-trainee.no
happy to succeed and to be
accepted as a Skuld trainee.
As part of the programme, I was
offered a permanent position
from day one, which has allowed
me to focus on an exciting future
in Skuld.
– What has been your Skuld
experience so far?
I started off with two months’
claims handling in Oslo, continued
with risk management and loss
prevention and, during renewals in
January and February, I experienced
the most hectic time of the year
in underwriting. This work has
alternated with the programme’s
academic modules in Norway
and abroad. What has struck
me the most about Skuld is the
responsibility and authority
limits given to Skuld claims
handlers. When you also have a
dedicated mentor, learning quickly
is made easy.
– What about the academic
modules of the trainee programme?
Getting to know the other maritime
trainees has been very rewarding
and gives me an important shipping
network for the future. Also,
when engineers, lawyers and
economists work closely together,
this often brings out very interesting
and creative solutions.
The visits to participating
companies on the Norwegian
west coast from Stavanger to
Ålesund have given me a new
/
understanding of the size of the
Norwegian shipping industry.
Hidden in the fjords are impressive
shipyards and world-leading
companies in offshore technology.
– Stefan, do you have time for
anything outside work and studies?
I like sports a lot; sailing, golf,
tennis and downhill skiing in the
winter. Since I grew up with three
older brothers, competition has
always been important to me.
During my law studies I started an
e-learning company with two
fellow students where I am still
involved to a certain extent.
MARITIME TRAINEE
/ A two-year trainee programme
run by the Norwegian
Shipowners’ Association on
behalf of the maritime
industry in Norway
/ Trainees admitted to the
programme hold master
degrees in economics,
technology or law and gain a
broad understanding that
qualifies them for many
positions within the global
maritime industry
/ Trainees spend two years
combining work in one of
25 participating shipping
companies, with academic
programme modules in
Norway, Singapore and London
/
Being a professional is a must
to me, but I also believe in having
an active social life. That is why
I joined Skuld’s party committee
and have had a great time
helping organise parties and
other events.
Some will recognise Stefan from
this year’s Skuld School where he
was the chairperson. When this
issue of Beacon is distributed,
Stefan is on a three-month
secondment with Skuld Hong Kong
before returning to Oslo in January.
What’s in it for Skuld?
According to Trude Husebø,
Senior Vice President, Human
Resources in Skuld, the main
benefits for Skuld are:
/ The programme raises
Skuld’s awareness within
the future generation of
maritime professionals and
positions the club as an
attractive place to work
/ The programme presents
Skuld with carefully selected
and well-motivated candidates
/ Participating in the programme
helps Skuld become more
focused on competence
development and the kind of
challenges expected by
today’s ambitious and wellqualified
students
The experience so far has
been very positive, and a new
trainee will be introduced into
Skuld for the period 2010–2012.
20 beacon / NOVEMBER 2009

personnel
news
ORGANISATIONAL CHANGES
Since Lehmann became Head of Office
in Copenhagen she has combined
syndicates into one and strengthened
the management team.
Photo: Helle Lehmann with Anders Ulrik.
SKULD COPENHAGEN
Helle Lehmann replaced Anders Ulrik as Senior Vice President, Head of Office in Copenhagen earlier
this year (her profile can be viewed in Beacon, March 2009). Helle has subsequently reorganised the
Copenhagen office into one syndicate with three main focus areas; underwriting, claims and FD&D.
As part of this restructuring, she’s strengthened the management team and brought the syndicate sections
closer together for the benefit of all Copenhagen members.
1
3
2
4
/ Number of Skuld
Copenhagen staff
members:
34
Other members of Skuld
Copenhagen’s management
team:
UNDERWRITING & MARKETING
1 / Jan Katkjær
Senior Vice President
Jan Katkjær (54) joined Skuld in
1982 as Claims Executive,
Assistant Lawyer. He qualified
as a Lawyer in 1985 and was
admitted to the Court of Appeal
in 1986 and to the Supreme
Court of Denmark in 1991. From
1993 to 1999 he headed Skuld
(Far East) in Hong Kong before
becoming Vice President, Legal
Affairs in Skuld Oslo. In 2000,
Jan returned to Copenhagen
and was appointed Senior Vice
President, Deputy Head of Office,
Copenhagen. Jan has a Master of
Law degree from the University
of Copenhagen and has studied
maritime law and petroleum law
at the Scandinavian Institute of
Maritime Law in Oslo.
2 / Michael Boje-Larsen
Vice President
Michael Boje-Larsen (43) joined
Skuld in 1996 as Claims Executive,
Assistant Lawyer. He qualified as
a Lawyer in 1998. From 2000 to
2004 he was Claims Manager at
Skuld Hellas in Piraeus. In 2004,
he returned to Skuld Copenhagen
as Senior Lawyer and in 2008
became Assistant Vice President,
Lawyer. Michael has a Master of
Law degree from the University of
Copenhagen, an LLM in Inter -
national Maritime Law from the
University of Southampton and a
MA in Marine Insurance & Risk
Management from the University
of Oslo.
CLAIMS
3 / Sandro Vuylsteke
Vice President
Sandro Vuylsteke (35) joined Skuld
in 2001 as Legal Assistant and
was appointed Claims Executive,
Assistant Lawyer in 2002.
He qualified as a Lawyer in 2006.
In 2008, Sandro worked for six
months as Claims Executive at
Skuld (Far East) Hong Kong, and
later that year was appointed
Senior Claims Executive, Lawyer
at Skuld Copenhagen. Sandro
has a Master of Law degree from
the University of Copenhagen
and has previously studied law at
the Université Libre de Bruxelles.
FD&D
4 / Stig Gregersen
Vice President
Stig Gregersen (55) joined Skuld
in 1981 as Claims Executive,
Assistant Lawyer. He qualified
as a Lawyer in 1984 and was
admitted to the Bar of the
Danish Court of Appeal in 1986.
He was appointed Vice President,
Senior Lawyer in 1998. Stig has
Master of Law and Master of
Mediation and Conflict Resolution
degrees from the University of
Copenhagen.
beacon / NOVEMBER / december 2009 200821
21

PERSONNEL
NEWS
NEW EMPLOYEES
1
3
5
7
9
11
2
4
6
8
10
/ Average age of
Skuld staff
(all offices):
44.3
SKULD
HAMBURG
1 / Alexandra Hunstig
Claims Executive
Alexandra Hunstig (27) is appointed
Claims Executive. Alexandra is a
fully-qualified German lawyer.
During her last two years as
Legal Trainee she focused on
maritime law, so she is well
equipped for her new position.
She will mainly deal with crewrelated
matters, but will also
handle other claims issues as well.
2 / Jens M. Priess
Assistant Vice President, Claims
Jens M. Priess (45) is appointed
Assistant Vice President,
Claims. Jens is a fully-qualified
German Rechtsanwalt (lawyer)
with vast experience in both
German and English maritime
law. He worked for a number of
years with an international
maritime law firm, as well as
the UK P&I and Defence Clubs
in London, and comes to Skuld
from Ince & Co., Hamburg.
SKULD
OSLO
3 / Stine F. Bendixby
Executive Assistant
Stine F. Bendixby (28) is appointed
Executive Assistant to the
Management Group in Oslo.
Stine has a four-year Bachelor’s
degree in International Marketing
and experience as Executive
Assistant from McKinsey &
Company. She has spent the last
two years working in California
and Toronto, most recently for
Aker Metals, a division of Aker
Solutions Canada Inc.
4 / Inger Margrethe Holm
Claims Assistant
Inger Margrethe Holm (31) is
appointed Claims Assistant in
Oslo Syndicate 1. Inger
Margrethe has a Bachelor of
Arts in Communication from
the University of Newcastle,
Australia. Since 2002, Inger
Margrethe has worked as
Secretary/Web Manager at the
law firm Brækhus Dege ANS
and as Project Manager at the
advertising agency Uncle Grey
Oslo AS.
5 / Helen Mageli Husøy
Executive HR
Helen Mageli Husøy (35) is
appointed Executive HR in Oslo.
Helen has worked with human
resources in different service
companies, such as Accenture
and Kelly Services. She holds a
Bachelor’s degree from the
University of Oslo where
she specialised in ‘work and
organisation’.
6 / Thomas André Hessel
Jacobsen
Claims Executive
Thomas André Hessel Jacobsen
(33) is appointed Claims Executive
in Syndicate 2, Oslo. Thomas
comes from a position as Claims
Manager in Torm A/S, Denmark.
He has an LLM from the University
of Aarhus and an LLM in Maritime
Law from the University of
Southampton.
7 / Hilde Søbstad Løvskar
Claims Assistant
Hilde Søbstad Løvskar (25) has
started as part-time Claims
Assistant in Syndicate 1, while
finalising her Norwegian law
degree. She has previously taken
a Master of Maritime Law degree
at Aix-en-Provence in France.
8 / Merethe Nydahl
Assistant, Accounting
Merethe Nydahl (44) has been
appointed Accountant Assistant in
the Oslo accounting department.
She has a financial background
from companies such as
Inter national Maling AS and Areva
T&D AS, where she was in charge
of administration and accountingrelated
assignments.
9 / Göran Skuncke
Assistant Vice President,
Underwriting
Göran Skuncke (44) has
returned to Skuld as Assistant
Vice President, Underwriting in
Syndicate 2. Göran worked with
Skuld as Claims Executive/
Claims Manager for seven years
before joining marine insurance
brokers Marsh in 2007.
10 / Hilde Njøs Vang
Risk Analyst
Hilde Njøs Vang (25) is appointed
Risk Analyst in Skuld’s Finance
Department, Enterprise Risk
Management. Hilde has just
graduated from Copenhagen
Business School with an MSc
in Finance and Strategic
Management.
11 / Ann-Charlotte Zervens
Claims Executive
Ann-Charlotte Zervens (27) is
appointed Claims Executive
in Syndicate 2. Ann-Charlotte
formerly worked with Birgitta
Melanders Advokatbyrå in
Stockholm. She is a Lawyer from
the University of Stockholm and
has studied Maritime Law and
English Contract Law at the
University of Oslo.
22 beacon / march 2009 beacon / december 2008 22

news
SOME CURRENT CASES AND OTHER SKULD NEWS
/ Electric shock off Samoa
While cleaning the decks with a
high-pressure hose, a crew
member on a tuna-fishing boat
from American Samoa claims to
have suffered electric shock
followed by congestive heart failure
after grabbing onto portable
lighting. The crew member filed
suit against his employer alleging
negligence and unseaworthiness.
The owner, however, denies
liability and causation.
/ Beware of sulphur cargoes
Following carriage of a cargo of
sulphur granulate, the tank tops,
bulkheads and piping in the holds
of a less than one-year-old vessel
were found to be corroded. Because
of the good commercial relationship
between the parties involved
(owners, time charterers, voyage
charterers and shippers – two of
whom are entered with Skuld),
the inspection of the vessel and
sampling of the cargo were carried
out jointly. This case will be
investigated in order to hopefully
find the cause(s) of the high
corrosion level and prevent this
from recurring in the future.
Facts
Skuld premium distributed according to
geographical regions, October 2009
12%
NORWAY
14%
Scandinavia ex. Norway
13%
Germany
7%
Greece
23%
Rest of Europe
13%
Americas
15%
Far East
3%
Other
SOURCE: Skuld underwriting
/ Whale in Antwerp
Members found a 15-metre-long
humpback whale dead on the
bulbous bow when entering the
Port of Antwerp. In order to remove
the whale, the main engine was
put slow astern and a tug assisted
in pushing the whale off the bow.
For environmental and navigational
reasons, the authorities required
removal of the whale from the
water. The whale was fastened to
a tug and pulled ashore at high
tide with the assistance of a crane
barge and a fire brigade rescue
boat. The authorities ordered the
cadaver to be cut up and removed
from the beach before next high
tide. A waste processing firm carried
out the work while enthusiastic
scientists and biologists inspected
the remains. The association decided
to cover this unusual case under
Rule 14.1 (Pollution).
The whale was pulled ashore at high tide.
Read more on
www.skuld.com
/ New nuclear regulations
Regulations effect members in
two major ways: 1) the categories
of materials covered by the
regulations and 2) the requirements
placed on carriers.
/ Focus on clauses
We are regularly asked to provide
clauses for members or to
comment on proposed clauses.
This experience is being used to
build up a ‘clause library’.
New edition
SPARKS & COPPERS
STEEL: CARRIAGE BY SEA
Informa recently announced the publication of the fifth edition of this
classic work. The editior is Frans Coppers, one of the most experienced
surveyors and experts in the field. He has worked closely with Skuld
claims handlers on steel and other cargo damage cases for many years.
He specifically acknowledges the assistance of Charles Anderson and
Renan Alamina of Skuld’s New York office in connection with legal and
practical issues associated with steel claims.
The new edition covers such topics as the different types of steel
products and packing requirements, procedures for loading and stowage
of steel cargoes, maintenance of hatch covers and tank tops, cargo
documentation, loss prevention, damage surveys, and the reconditioning
of damaged steel products. The publication can be ordered through
Informa at www.informapublishing.com/steel (GBP 265 per copy).
Mr Coppers also cites Skuld’s reference guide Carriage of Steel
Cargoes, edited by Hans Jørgensen (now in its second edition) for its
excellent discussion of pre-shipment surveys and current recommended
cargo-condition clauses. The Skuld guide has also received praise from the
International Maritime Organisation for its contribution to safety at sea.
Members can order copies of Skuld’s guide free of charge on
www.skuld.com/publications or by contacting postal@skuld.com.
Non-members can order from www.witherbyseamanship.com/
category/SKULD.htm (GBP 10 per copy).
beacon / November 2009 23

Skuld
magazine
next issue
out MARCH 2010
HAZARDOUS
CARGO
Certain types of cargo may start living their own lives
on board vessels, resulting in corrosion, dislocation,
liquefaction or other serious consequences. In some
circumstances, this may prove hazardous to the vessel,
its crew or the environment. For the March issue of
Beacon we will examine a few of our recent claims
files to see what lessons can be learnt from them.
about skuld
As the New Generation P&I Club,
Skuld provides liability insurance
to New Generation shipowners and
clients in the shipping industry.
The head office for our global
operations is located in Oslo,
with additional offices in Bergen,
Copenhagen, Hamburg, Hong Kong,
Moscow, New York and Piraeus.
24-hour
emergency
number
+47 952 92 200
Call this number if you have
an emergency incident where
Skuld can assist.
beacon back issues
For back issues of Beacon, please go to the publications
section of our website. You can print an entire issue or
use the table of contents to select individual articles.
Earlier editions
www.skuld.com
(Publications: Beacon)
RUSELØKKVEIEN 26
NO-0251 OSLO
P.O. BOX 1376 VIKA
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