Circular

Skuld Annual General Meeting 5 September 2019

9 September 2019

Circular to all members

At the Annual General Meeting of Assuranceforeningen Skuld (Gjensidig) held in Oslo, Norway on 5 September 2019, members and clients received reports on matters of importance to the Association’s business and annual elections were held.


1. 2018/19 Financial Year

The Financial Statements of the Association for the year ending 20 February 2019 were approved by the Annual General Meeting.


2. Review of Policy Years

2016 Policy Year: The AGM decided to close the 2016 policy year without supplementary calls.

2017 Policy Year: The year will be kept open until 2020.

2018 Policy Year: The year will be kept open until 2021.

Release Calls (applicable as of 5 September 2019)
2016: Closed
2017: Release call reduced to 3%
2018: Release call reduced to 7.5%
2019: Release call maintained at 15%

3. Elections

3.1 Elected members of the Members' Committee of Assuranceforeningen Skuld (Gjensidig)

The members of the Members' Committee are elected at the Annual General Meeting in accordance with statute 1.3.4.


a) The following were elected as new members for a one-year period until the Annual General Meeting in 2020:

Frank Bodin
Total, Courbevoie, France

Michael G. Gialouris
Olympic, Athens, Greece

Ralph S. Juhl
Hafnia Tankers, Denmark and Singapore

Nicole Malbrough
Edison Chouest Offshore, Louisiana, USA

Francois Rogivue
Cargill International SA, Geneva, Switzerland

Marthe Romskoug
WWL, Lysaker, Norway


b) The following was re-elected as President of the Committee for a one-year period until the Annual General Meeting 2020:

Ulrich Niebusch
German Tanker Shipping GmbH & Co., Bremen, Germany


c) The following was re-elected as Vice President of the Committee for a one-year period until the Annual General Meeting 2020:

Odd-Christian Krohn
Fred. Olsen Insurance Services AS, Oslo, Norway


d) The following had resigned from the Members' Committee:

Eivind Holte
Saga Shipholding (Norway) AS, Nøtterøy, Norway

Øistein Dahl
Golar, Oslo, Norway

Leon S Patitsas
Atlas Maritime Ltd, Athens, Greece

Capt. Peter Raes
Sea-Tankers, Merignac, France

Mikael Skov
Hafnia Tankers, Copenhagen, Denmark

Katy Therapiotis
Ionia Management S.A, Piraeus, Greece


e) After the election, the Committee comprises:

Ulrich Niebusch (President)
German Tanker Shipping GmbH & Co, KG, Bremen, Germany

Odd-Christian Krohn (Vice President)
Fred. Olsen Insurance Services AS, Oslo, Norway

Frank Bodin
Total, Courbevoie, France

Achim Boehme
Lomar Shipping, Bremen, Germany

Andrew Choy
Yinson Production, Global/Singapore

Eivind Eidesvik
Caiano AS, Bergen, Norway

Hans Feringa
Team Tankers, Connecticut, USA

Michael G. Gialouris
Olympic, Athens, Greece

Roberto Giorgi
Fraser Yachts, Monaco

Gong Xiqian
China P&I Management, Beijing, China

Tayfun Günerhan
Densay Shipping and Trading, Istanbul, Turkey

Michael Ippich
Hartmann Schiffahrts GmbH & Co. KG, Leer, Germany

Mark Jansen
Seatrade Holding, Groningen, The Netherlands

Ralph S. Juhl
Hafnia Tankers, Denmark and Singapore

Gökhan Kiran
Kiran Holding A.S., Istanbul, Turkey

Michael Lai
EMAS, Singapore

Li Hua
Sinotrans Shipping Hong Kong Ltd., Hong Kong

Nicole Malbrough
Edison Chouest Offshore, Louisiana, USA

Gerard E. Patronis
Alcyon Shipping Co Ltd., Athens, Greece

Francois Rogivue
Cargill International SA, Geneva, Switzerland

Marthe Romskoug
WWL, Lysaker, Norway

Phil Rundle
Versabar, Inc., Houston, USA

Alexandre Soeur
Mercuria Energy Trading, Geneva, Switzerland

Felix H. Tschudi
Tschudi Aggregates As, Lysaker, Norway

Uta Urbaniak-Sage
Epic Gas Ltd., Singapore

Capt. Xie Chun Lin
China Merchants Energy Shipping Company Limited, Hong Kong


3.2 Elected Members of the Election Committee of Assuranceforeningen Skuld (Gjensidig)

The members of the Election Committee are elected at the Annual General Meeting in accordance with statute 1.11.1. The Election Committee consists of the President of the Members' Committee and three members elected by the Annual General Meeting.


a) The following member was re-elected for a one-year period until the Annual General Meeting in 2020:

Felix H. Tschudi

b) The following was elected as new members to the Election Committee for a one-year period until 2020:

Eivind Eidesvik
Roberto Giorgi

c) The following members resigned from the Election Committee:

Eivind Holte
Peter Raes

d) After the elections, the Election Committee comprises:

Ulrich Niebusch (President of the Committee)
Eivind Eidesvik
Roberto Giorgi
Felix H. Tschudi


4. Statutes amendments

The following amendments were adopted by the AGM and will take effect from 20 February 2020:

1.3 Agenda of the Ordinary General Meeting
The ordinary General Meeting shall:
1.3.1 decide on the adoption of the Statement of Accounts and the Board of Directors'
Report, and decide on the level of supplementary calls, reimbursement of excess
advance calls or the distribution of any surplus. The General Meeting may not
stipulate lower supplementary calls, reimbursement of higher levels of excess
advance calls or distribution of a larger part of the surplus than that proposed by
the Members' Committee,
1.3.2 determine the number of members to serve on the Members' Committee,
1.3.3 elect members of the Members' Committee, including by separate election its
President and Vice President, and determine their remuneration,
1.3.4 elect members of the Election Committee,
1.3.5 decide on the closing of policy years,
1.3.6 decide on amendments to the Statutes of the Association, and
1.3.7 elect an Auditor and approve his remuneration,
1.3.8 decide on other matters within the authority of the General Meeting and stated in the agenda.

1.5 Functions of the Members' Committee
1.5.1 The Committee shall supervise the conduct of the business of the Board of
Directors and the President and CEO and ensure that the Association's purpose is
promoted in accordance with applicable legislation, the Statutes and Resolutions
by the General Meeting and the Members' Committee. Each of the Committee
members shall have the right at the Meeting to request information about the
Association's business. The Members' Committee may itself or by appointed
representatives initiate investigations.
1.5.2 The Members' Committee shall, upon recommendations from the Election
Committee, elect the members of the Board of Directors, including by separate
election its Chairman and Vice Chairman and determine the Board of Directors'
remuneration.
1.5.3 The Members' Committee shall also:
a) submit a report to the General Meeting as to whether the Board of Directors'
proposals for the Statement of Accounts, the Board of Directors' Report and the
application of loss or profit, hereunder the level of supplementary calls,
reimbursement of excess advance calls or the distribution of any surplus, shall
be adopted,
b) submit to the General Meeting its recommendations regarding the closing of
policy years,
c) submit a report to the General Meeting concerning amendments to the Statutes
recommended by the Board of Directors,
d) examine the Report from the Audit Committee,
e) elect an Auditor and approve his remuneration,
e)f) deal with any other matters within the authority of the Members' Committee and stated in the agenda.

2.1 Dissolution of the Association
The dissolution of the Association or amalgamation with other associations shall be
determined at a General Meeting by a majority of at least two-thirds of the total
registered membership calculated in accordance with 1.2.7 and the following. If
less than two-thirds of the votes are present the matter shall be referred to a
subsequent General Meeting and the proposal to dissolve or amalgamate the
Association shall be decided by a majority of not less than three-quarters of the
votes at the meeting. On dissolution of the Association, any surplus realised after
discharge of the obligations of the Association, shall be disposed of as decided by
the General Meeting. In the event of amalgamation any such surplus may at the
discretion of the General Meeting be disposed of as mentioned above or transferred
to the new association.
2.2 Provisions for the period of transition
These Statutes shall come into force and the previous Statutes shall cease to have
effect as from 20 February 201920 12.00 (noon) GMT. Liabilities or losses incurred
before such time shall be determined in accordance with the Statutes then
applicable.

 

Yours faithfully
Assuranceforeningen Skuld (Gjensidig)


Ståle Hansen
President and CEO