Based on Skuld’s positive technical result for financial year 2023, Skuld’s AGM on 12 September 2024 approved the Board’s proposal of a 5% Mutual Members P&I Credit. Who are eligible for the credit? All vessels entered for Mutual P&I during policy year 2023 and still entered under the same membership by policy year 2025 are eligible for the credit. Credits for 2024/25 policy year will be considered by the Board in the 2025 March meeting. How is the credit calculated? The 5% credit is calculated on the individual vessel’s 2023 net Mutual P&I earned premium. When will the credit amount be paid? The amount will be paid as a premium credit linked to each eligible vessel by first Mutual P&I instalment in policy year 2025.