A Memorandum of Understanding (MoU) was signed between the Islamic Republic of Iran Shipping Lines (IRISL) and the Norwegian SKULD P&I Club for shipping insurance cooperation.

According to MANA reporter, by virtue of this MoU, different cooperation grounds between the Islamic Republic of Iran Shipping Lines (IRISL) and the Norwegian SKULD P&I Club including providing different types of maritime insurances, considering and pursuing complaints regarding maritime insurances coverage, training personnel and promoting the knowledge and competency of the Iranian experts were discussed and the respective mutually agreed issues were signed by both parties.

SKULD Insurance Company, which was established in 1897, provides different maritime insurance services in the form of two principle sub-firms named, SKULD 1897 and P&I Club.

Other sub-firms of this company include SKULD Offshore and SKULD Hull which provide insurance services related to Hull-Machineries and depending on the type of insurance of the respective float, these latter firms shall compensate for the respective body damage and further provide offshore insurance services for shipping companies.

The head office of this company is located in the city of Oslo, and it includes coverage of 250 subsidiary agencies in different countries worldwide.