War Areas
We can provide Owners with quotations on any forthcoming breach of War Areas, tailor-made under a War Cover that can facilitate longer periods than 7 days on lump sum basis, incorporating No Claim Bonuses and other beneficial terms on an ad-hoc and/or annual basis.
The list of Excluded Areas is reviewed on a regular basis by the Joint War Committee and is subject to ad hoc amendments based on the political circumstances prevailing.
The general Market practice is for Additional Premiums to be quoted on 48/7 basis, meaning that the quotation stands for a maximum of 48 hours prior vessel’s entrance to the Excluded Area and is usually charged for a minimum of 7 days with longer periods to be agreed either on lump sum and/or pro rata basis. This of course can differ, depending on individual Underwriters assessment, hence is strongly recommended for Owners to consult their War Underwriters with regards to the basis of the quoted terms, i.e. 48/7, 24/7 etc.
The link shown below will land you to the LMA dedicated page showing countries and areas listed as current exclusions by the Joint War Committee in London. Owners with vessels that intend to call those particular areas should contact their Underwriters and/or Brokers to establish whether an Additional Premium is applicable.