News
06 Jan, 2023
War risk liabilities in Russia, Ukraine and Belarus
We refer to our Notice to Members No.16.
By way of clarification, the notice of alteration applies to all non-mutual business, including but not limited to;
- Comprehensive Charterer's Liability entries
- Fixed Premium owned entries, including cover under Rule 14 (2) – Excess war P&I cover
- Extended and ancillary covers
The Exclusion does not apply to excess war P&I cover as set out in Rule 14 (2) for mutual entries.