June 2009 / Requirements for Lay-up of Skuld entered Vessels

Sayın İlgili,


28 Mayıs 2009 tarihinde Skuld web sitesinde yayınlanan Lay-up prosedürü hakkındaki sirküler ve ekini burada bulabilirsiniz.



Requirements for Lay-up of entered Vessels


“Simplified Lay-up Guidelines” 

Skuld will reduce or return premium for vessels properly laid-up if they meet the criteria set out in the Rules.

Vessels properly laid-up constitute a lower risk and may therefore be entitled to a lay-up return. Skuld Rule 4.7 regulates lay-up of vessels entered for P&I. In general, Skuld will only grant lay-up return for mutual P&I entries. No return will be provided for smaller vessels (less than 200 GT) or vessels of certain types where this is already considered in the assessment of the risk.


The lay-up return, or the lay-up premium, will depend on the following:

• Duration of lay-up: Minimum 30 consecutive days 

• Arrangements: A lay-up Declaration issued by a class society or other organisation approved by Skuld is required 

• Site: The site has to be pre-approved by Skuld 

• Safety issues: Watchmen, bilge and fire alarms. Local services in case of emergency 

• Cold or warm lay-up: A warm lay-up will probably require more personnel on board which increases the exposure and may not warrant a lay-up return. A Cold lay-up will require a lay-up declaration. 

• The vessel to maintain class during lay-up

Skuld will individually assess each situation and decide on the terms.


The reduced risk under the P&I cover is mainly that a number of risk elements are limited. Therefore the main principles are:

• No cargo 

• No fuel on board - but for safety requirements, or as per agreement 

• No crew on board - but for required security and maintenance 

• The vessel to remain in class and follow class recommendations as well as to adhere to rules and regulations applicable at the lay-up site


The minimum lay-up period to be entitled to a return of premium is as per the rules 30 days. A claim for return premium has to be made latest three months after the lay-up period has ended or three months after the Policy year has ended.

A vessel permanently laid-up may at inception of the policy year be insured on lay-up conditions. The terms will be subject to that the vessel is laid-up and that the risk is not changing under the period.

Kindly observe that there are no returns or reductions for overspill calls (Rule 4.7.1)

For all lay-up periods exceeding six months, Skuld shall have the possibility to survey the ship prior to re-enter into trade. Therefore the member has an obligation to inform Skuld preferably 30 days prior to the scheduled re-commissioning of the vessel or latest when the decision of re-commissioning is taken.

Skuld will assess each risk individually and Members are advised to contact their underwriter for assessment and calculation of lay-up return or a lay-up premium. 




Please see “Simplified Lay-up Guidelines” . These give a general description of the requirements for lay-up. Members are, however, advised to contact their classification society for a full set of lay-up requirements.


Download this file (Simplified Lay-up Guidelines.pdf)Simplified Lay-up Guidelines.pdf[ ]83 kB