Issue 63 | 24 January
NorthStandard
We are a leading global marine insurer. NorthStandard #takingontomorrowtogether
Welcome to the latest edition of New Horizons, your informative weekly newsletter from NorthStandard.
This week, we’re bringing you a roundup of the latest updates from NorthStandard. Get ready for exciting news about our newest product launch and key insights into the latest shipping updates from the past week.
First, from all of us at NorthStandard, we’d like to wish our members, clients, and friends a happy Lunar New Year and all the best in the Year of the Snake ??.
As we prepare to welcome and celebrate the Lunar New Year 2025, which begins on 29 January and lasts until 12 February, please take note of our office closures and out-of-office contacts for our Shanghai, Hong Kong, Seoul and Singapore offices.
For further details, you can view our dedicated article here ??
Policy Year 2025/26 - Changes to the Rules of the P&I, FD&D, Mobile Offshore Units, Coastal & Inland, Fixed P&I and Strike & Delay Classes
Details of the amendments to the rules set out above are attached in our Circular (2025 / 001 - 20 January 2025). They will be effective from noon GMT on 20 February 2025.
Read the full Circular here ??
Key Resources
?? Insurance Wordings & Clauses | To ensure you fully understand the extent of your cover and our commitment to you, please see the key clauses and insurance wordings for your relevant policies here >
?? Our Rules | Visit our dedicated Rules area to navigate through guidance documents, our Rules, new policy wordings and our Rules archive here >
NorthStandard launches one-stop-shop for smaller and specialist vessels. Introducing Coastal & Inland and Sunderland: Joint Product
This H&M and P&I product has been designed specifically for smaller and specialist vessels, typically under 10,000GT, and will be provided and serviced by the Sunderland Marine and Coastal & Inland teams together.
Creating efficiencies for brokers by reducing duplication of effort and bringing benefits to shipowners by eliminating gaps in cover, NorthStandard is uniquely placed to offer this market-leading product.
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Key Resources
?? Product Page | Coastal & Inland and Sunderland Marine: Joint Product visit here >
?? Press Release | NorthStandard launches one-stop-shop for smaller and specialist vessels read here >
?? Dedicated Experts | Meet the Team here >
?? Publications | Product Brochure and FAQs available to download here >
Welcoming ITOPF to Newcastle, who provide a wide range of technical services to back up their core role of responding to ship-sourced spills
View our workshop gallery video >
?? You can receive a copy of our weekly New Horizons newsletter via email. Sign-up to receive your copy here >
?? Your feedback is important to us. Please let us know how we did >
We hope you enjoyed reading this week's issue.