The Islamic Republic of Iran Shipping Lines (IRISL) and Norway’s Skuld P&I marine insurance company have signed a memorandum of understanding (MOU) relating to shipping insurance, Iranian news agencies have reported.
Based on the MOU, the Norwegian company will provide IRISL with various kinds of maritime insurance covers and handle customer enquiries and complaints relating to these insurance services. Skuld will also cooperate with IRISL on staff training and upgrading knowledge and capabilities of the Iranian insurance specialists.
Skuld is one of thirteen members of the International Group of P&I Clubs that work closely together in reinsurance and industry matters of common interest. The International Group insures approximately 90% of the world’s merchant fleet.