Skuld is in robust financial health and in an excellent position to continue to serve the global marine markets as it has done for 121 years. Therefore, Skuld is delighted to announce the Members' Performance Bonus programme which is intended to reflect our commitment to members contributing to the success of Skuld's P&I business. Skuld's chosen path of diversification is also bearing dividends and we are dedicated to support our members in today's challenging shipping and offshore markets. This new Members' Performance Bonus programme comes in addition to the existing Skuld Members' Premium Credit. Key Facts Skuld Members’ Premium Credit (launched in 2015) Premium credit for all mutual P&I members based on Skuld’s global technical underwriting result   The Premium Credit is calculated on the individual member's P&I mutual premium for the policy year, and adjusted in line with the size of Skuld's result The Premium Credit is funded by allocation of the financial year's result ending 20 February and approved by Skuld's Annual General Meeting NEW Skuld Members’ Performance Bonus (launched in 2018) All members with at least one year’s membership with Skuld, and where premium contribution is higher than costs reflected in each member’s statistical record over a maximum period of five years, are eligible to the Members’ Performance Bonus Any Members’ Performance Bonus amounting to less than USD 10,000 will be deferred and aggregated until the member’s balance reaches USD 10,000, at which time the full amount will be distributed. After five years, any amounts aggregated that amount to less than USD 10,000 in total, will be paid out, subject to existing membership with Skuld. The Members’ Performance Bonus Programme (as opposed to the Members’ Premium Credit) is not subject to the technical underwriting result of the previous policy year, as it represents an allocation of the financial surplus applied to the financial year ending 20 February. Calculating t