Facts
Supreme Court decision
Comment
In its decision in Mineral Libin (HR-2020-257-A) the Supreme Court clarified the mandatory scope of the Insurance Contract Act and the application of the general Time Bar Act in direct actions against protection and indemnity (P&I) insurers under Norwegian law.
The dispute arose out of an incident that took place in China in 2007, during which capesize vessel Mineral Libin made contact with another vessel and a buoy when berthing. The vessel had been chartered in a chain of charterparties which included a charterparty between SwissMarine Services SA and Transfield ER Cape Limited. SwissMarine had P&I or charterers’ liability to hull cover with Assuranceforeningen Gard gjensidig and Transfield…
Read the full article at: https://www.internationallawoffice.com/Newsletters/Shipping-Transport/Norway/Wikborg-Rein/Supreme-Court-clarifies-time-bar-rules-applicable-to-direct-actions-against-PI-insurers