Nordic Marine Insurance Plan
DNK offers war risk insurance on the basis of the Nordic Marine Insurance Plan of 2013, Version 2016. The Plan is a comprehensive marine insurance regime based on the all risks principle, i.e. everything is covered unless specifically excluded. This is a fundamental difference to the English approach, where both marine and war risks are named perils insurance.
The Plan is drafted based on a formal agreement between Insurers represented by CEFOR and shipowners represented by the Norwegian Shipowners' Association. The Plan is used by all major Norwegian shipping companies irrespective of which market they are insured in, and it is also used widely by the international shipping community.