Skuld: Amendments for the 2026/2027 policy year in Marine Insurance P&I Club News 21/01/2026 All amendments to Skuld 2026 P&I Rules (“Rules”) are listed below. Changes to the Rules were approved by the Board of Directors of Assuranceforeningen Skuld (Gjensidig) at its Meeting in November 2025 and will enter into force on 20 February 2026. 5.2. Exceptions: However the standard insurance shall not cover liabilities, costs and expenses arising out of any of the following 5.2.7. a) carriage of cargo which would not have been incurred by the member if the cargo had been carried on terms no less favourable to the member than those laid down in the Hague or Hague- Visby Rules, save where the contract of carriage is on terms less favourable to the member than those laid down in the Hague or Hague-Visby Rules solely because of the relevant terms of carriage being of mandatory application, and b) liabilities, costs and expenses to the extent that they would not have been incurred or borne by the member but for its waiver or limitation of rights of recourse that would otherwise have been available under the contract of carriage in accordance with the Hague or Hague Visby Rules, and/or mandatorily applicable law; 30.2. Excluded losses The insurance shall not cover, except under Rule 24 (mitigation costs) or Rule 27 (Defence), liabilities, losses, expenses or costs 30.2.10. arising out of or in connection with contracts for carriage wholly or partly by sea to the extent such liabilities, costs and expenses would not have been incurred or borne by the member but for its waiver or limitation of, or the member’s failure to incorporate, rights of recourse that would have been available under a bill of lading contract which incorporated (a) Article IV Rule 6 of the Hague or Hague Visby Rules, or (b) any equivalent provision under other applicable law, provided that such liabilities, costs and expenses shall not be Excluded Losses if such rights of recourse are not available by reason of mandatorily applicable law. 30. Exclusions 30.1. General exclusions The insurance shall not cover liabilities, losses, expenses or costs, 30.1.8. which arise in circumstances where there has been wilful misconduct (namely an act intentionally done, or a deliberate omission by the member, with knowledge that the performance or omission will probably result in injury, loss, liability or damage, or an act done or omitted in such a way as to allow an inference of a reckless disregard of the probable consequences) on the part of the member, or 30.4.3. liabilities, costs or expenses which arise out of or are consequent upon the vessel carrying contraband, blockade running or being employed in a trade or on a voyage which is unlawful or which the Board of Directors Association considers to be imprudent unsafe, improper or unduly hazardous, Appendix 1 Definitions Specialist operations Performing dredging, blasting, pile-driving, well-intervention, cable or pipelaying, construction, installation or maintenance work, core sampling, mining, depositing of spoil, power generation, and decommissioning and the deployment, operation and recovery of pneumatic barriers. Source: Skuld 2026-01-21 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('/