News Articles
Shoreline pursues COFR dry cargo business
A new battle to provide tickets to trade to the US for 5,00 dry-caro ships is in prospect over the next few months.
Tradewinds | 19 February 1997
First Arvak COFR to Tschudi & Eitzen
Norwegian shipowner Tschudi & Eitzen has obtained the first Certificates of Financial Responsibility (COFRs) to be backed by guarantees from recently established Arvak.
Tradewinds | 2 January 1997
Shoreline launches COFR fight-back
Shoreline Mutual plans a major restructuring in an attempt to remain the lowest-cost means of obtaining a "ticket to trade" to the US.
Tradewinds | 5 December 1996
Shoreline wins no-claims bonus
A claims-free first year has gained Shoreline Mutual a bonus and a return of premium from its reinsurers.
Tradewinds | 10 October 1996
Letters of credit sunk OPAClub
Stiff shipowner opposition to OPAClub - one of the three main schemes for obtaining Certificates of Financial Responsibility (COFRs) - is blamed for the joint surety bond scheme being scrapped.
Tradewinds | 15 December 1994
COFR option costs vary widely
Oslo-based P&I Club Skuld says the various schemes aimed at providing shipowners with the means to comply with the Certificates of Financial Responsibility (COFR) requirement in the US show marked differences in costs.
Tradewinds | 20 October 1994