Norwegian Marine Insurance Statistics 26.04.2018 Norwegian Marine Insurance Statistics Underwriting Year 1990(5) - 2003 as of 30 June 2003

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Index 1. Introduction 2. Fleet characteristics 2.1 Number of 2.1.1 … fleets and vessels per underwriting year 2.1.2 … vessels per type of vessel 2.1.3 … vessels per classification society 2.1.4 … vessels per flag 2.1.5 … vessels per size group 2.1.6 … vessels per age group 2.2 Total (F)DWT 2.2.1 … per underwriting year 2.2.2 … per type of vessel 2.2.3 … per classification society 2.2.4 … per flag 2.2.5 … per size group 2.2.6 … per age group 2.3 Average age 2.3.1 … per underwriting year 2.3.2 … per type of vessel, 2002 2.3.3 … per classification society 2.3.4 … per flag 2.3.5 … per size group 2.3.6 Age structure per classification society, 2002 Page: I

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 3. Insurance/Premium report 3.1 Total sum insured 3.1.1 … per underwriting year 3.1.2 … per type of vessel 3.1.3 … per size group 3.1.4 … per age group 3.1.5 … per classification society, 6 largest 3.1.6 … per flag, 8 largest 3.2 Total premium 3.2.1 … per underwriting year 3.2.2 … per type of vessel 3.2.3 … per size group 3.2.4. … per age group 3.2.5 … per classification society, 6 largest 3.2.6. … per flag, 8 largest Page: II

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 4. Casualty report 4.1.1 Total claims per underwriting year 4.1.2.a Number of claims per type of vessel 4.1.2.b Cost of claims per type of vessel 4.1.3.a Number of claims per age group 4.1.3.b Cost of claims per age group 4.1.4.a Number of claims per type of casualty 4.1.4.b Cost of claims per type of casualty 4.1.5 Number of claims per type of casualty - Period 1997 - 2002 4.1.6 Cost of claims per type of casualty - Period 1997 - 2002 5. Underwriting results and trends 5.1.1 Underwriting results as of 30.06.2003 - Total results for all risks registered by NoMIS 5.1.2 Underwriting results as of 30.06.2003 - Average results per vessel per underwriting year 5.2.0 Calculation methods for Index key factors and Rating Development 5.2.1 Index key factors 5.2.2 Rating development 5.2.3 Adjusted rating development 5.2.4 Average deductible development Page: III

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Introduction The Norwegian Marine Insurance Statistics (NoMIS) is a co-operation between four of the members of the Central Union of Marine Underwriters (CEFOR) for the purpose of compiling and processing statistical information. Until 1997 the data was compiled by appointing NoMIS a compulsory facultative reinsurer to which the member companies ceded 0.1% of their hull and machinery insurance. In addition to the regular information about premiums and claims exchanged on bordereaux, the lead insurer provided NoMIS with a detailed breakdown of each claim. Since 1990, this improved material has been available to the members of NoMIS, providing statistics and analyses enabling them to enhance their underwriting and risk assessment. In 1998 it was decided to discontinue the facultative insurance agreement in favour of updating the NoMIS database electronically. The consequent necessary amendments to the database as well as the routines for updating were developed in 1999 and tested by the members in cooperation with CEFOR. In 2000 a further step was taken to restructure the database, such that from underwriting year 1995 all business underwritten by the NoMIS members is now updated electronically. This enables the NoMIS’ members to show up to date figures at any time for all Underwriting Years. As of 30 June 2003 the NoMIS database comprises 64,215 vessel years and 22,613 claims. This report contains statistics based on both Norwegian and International business for the period 1990-2003. Page: 1.1.1

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 All presentations are in USD and the figures have been converted from the original currencies into USD based on the rate of exchange applicable: - Premiums: average monthly rate of exchange of the month of transaction - Paid claims: average monthly rate of exchange of the month of transaction - Outstanding claims: average monthly rate of exchange of December 2002 All premiums are net of all rebates and commissions. All claims are net of any deductibles applicable. (F)DWT in this report represents the maximum of either FDWT or DWT per vessel with Formula deadweight tons FDWT calculated as: Length between perpendiculars * Moulded breadth * Moulded depth 2.265 Total Claims = Paid Claims + Outstanding Claims Loss Ratio = Total Claims / Premium Underwriting year = year in which the insurance attaches Page: 1.1.2

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Types of vessels specified Vessel Type group Vessels Types included Lloyds Conf. Index Code BULK Bulk, Ore, Cement BCB, BOR, BWC, BBU, BCE CONT./RORO Container, Ro/Ro URR, URC, UCC, UCR CHEM./PRODUCT Chemical Carriers, Product / Acid / Edible Oil / TWN, TCH, TAC, TCO, TEO, TFJ Fish Oil / Fruit Juice / Wine / Molasses / TFO, TMO, TPD, TWT, TWA Water Tankers CARGO Dry Cargo, General Cargo, Reefers, Multi- GGC, GRF, GPC, GCT, Purpose, Pallett Vessels, Car Carriers, MLV, MVE Animal Transport Vessels LNG/LPG Gas Carriers LNG, LPG, LNG/LPG LNG, LPG, LNP OBO Combined Vessels Bulk, Ore, Oil COO, CBO OTHER Fishing Vessels, Fishing Factory, Flo/Flo, OPD, ODE, OES, OMS, ORD, FFS, Pontoons, Barges, Barge Carrier (LASH) FTR, FWH, FFF, FWF, OSP, OBA, Coast Guard Vessels, Tug/Salvage, Tug, OCP, OHB, OPO, ORN, RX, OSB, Floating Crane, Heavy Lift, Floating Production, OTB, UBG, UBC, FFP, OPA, OPI, Floating Storage, Yachts, Waste Vessel, OSV, OTN, DBD, DCH, DCS, DDR, Pollution Control Vessel, School Vessel, DGD, DGH, DHD, DSD, DSH, DSS, Mud Boat, Research Vessels, DTD, DTS, OHL, OHT, OWA, OYT Other Special Vessels, Undefined OLC, OTR, LFP, LFS, OPC Page: 1.1.3

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Types of vessels specified contd. Vessel Type group Vessels included Lloyds Conf. Index Code PASSENGER All types of Passenger Vessels and Ferries, MPR, OHS, PRR, OFY, OHF Passenger/RoRo/Car Ferries, Highspeed Craft SUPPL/OFF Supply, Anchorhandling, Standby, Drilling OPP, OSY, XAA, XAF, XAG, XAH, Vessel, Storage/Production, Seismic Search XAT, OOS, OSZ, YPD, YDS, OSS, Vessel, Crane, Pipe Laying Barge, Diving/ RHR, RMR, ROR, RRB, RRE, RRS, General Service Vessel, Barge/Pontoon, RSR, OCS, OCX, OFL, OPL, ODS, Supply (Tug, Anchor), Tug/Icebreaker XCT, XPT, XTR, XTT, XTS, XTX, OBS, OBT, OLT, XFF, XFS, XTG, XTP, OIB, OIF, OIS, OIT, XTI, OMN, OMT, ORP, OSU, OWO, OCL TANK Tanker, Sludge Vessel, Crude Oil Tanker TTA, OSC, OTC, FFC, TAS, TBK, Asphalt Carriers, Bunkering Tanker, Floating TCR, TFP, TFS, TNA Production, Floating Storage, Naval Auxiliary Page: 1.1.4

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Comments: Decline in portfolio from 1997 to 2001 is real and due to members concentrating on target business Decline from 2001 to 2002 is mainly due to two NoMIS members stopping underwriting. Page: 2.1.1

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Number of vessels per type of vessel Total 34,018 Total 5,286 Total 6,502 Page: 2.1.2

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Number of vessels per Classification Society Total 34,018 Total 6,502 Total 5,286 Page: 2.1.3

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Number of vessels per Flag Total 34,018 Total 6,502 Total 5,286 Page: 2.1.4

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Number of vessels per Size Group Total 34,018 Total 6,502 Total 5,286 Page: 2.1.5

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Number of vessels per Age Group Total 34,018 Total 6,502 Total 5,286 Page: 2.1.6

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Page: 2.2.1

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Total (F)DWT per type of vessel Total 1,620 mill FDWT Total 303 mill FDWT Total 340 mill FDWT Page: 2.2.2

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Total (F)DWT per Classification Society Total 1,620 mill FDWT Total 303 mill FDWT Total 340 mill FDWT Page: 2.2.3

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Total (F)DWT per Flag Total 1,620 mill FDWT Total 340 mill FDWT Total 303 mill FDWT Page: 2.2.4

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Total (F)DWT per Size Group Total 1,620 mill FDWT Total 340 mill FDWT Total 303 mill FDWT Page: 2.2.5

Norwegian Marine Insurance Statistics As of 30 June 2003 26.04.2018 Norwegian Marine Insurance Statistics As of 30 June 2003 Total (F)DWT per Age Group Total 1,620 mill FDWT Total 340 mill FDWT Total 303 mill FDWT Page: 2.2.6