This procurement concerns the drawing of Protection and Indemnity (hereafter called P&I) insurance for the research vessel ‘Dr. Fridtjof Nansen’, as further described in the tender documentation.
Due to Economic Management Regulations in the state — Provisions on economic management in the state, determined 12.12.2003, § 20 it follows that:
‘The state stands as self-insurer, unless otherwise determined by the Ministry of Finance.’
Based on the navigational area for the new ‘Dr. Fridtjof Nansen’, that will primarily operate in developing countries in waters off Africa and Asia, the Norwegian Institute of Marine Research has asked the Ministry of Finance for permission to draw a Protection and Indemnity insurance for the new research vessel ‘Dr. Fridtjof Nansen’. This permission has been granted in a letter from the Ministry of Finance, dated 13.5.2016.