Advokatfirmaet Thommessen AS

Oslo

Thommessen Krefting Greve Lund is one of Norway's largest leading law firms with over 130 lawyers and associate lawyers, who provide a comprehensive range of legal services. Together with support staff, the firm employs over 200 people. We have offices in Oslo, Bergen, London and Brussels, in addition to an extensive international network. Our clients include Norwegian and international businesses, financial and public institutions, local authorities and private individuals.

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Updates

Insurance

Pandemic delay clause in Nordic marine loss of hire insurance
Norway | 15 September 2020

In marine insurance, business interruption is covered by loss of hire (LoH) insurance. LoH is a separate insurance for loss of time caused by a casualty and linked to the hull and machinery insurance for the insured vessel or unit when it covers repair costs. The COVID-19 pandemic and the restrictions imposed will not be considered a 'casualty' for an insured vessel or unit. However, for marine casualties caused by other perils, it is clear that COVID-19 has led and will lead to significant prolongations of repair periods.