War Risks: Hull & Machinery

Country Risk assessment Specific information

Arabian Sea

The waters enclosed by the following boundaries: a) On the north-west, by the Red Sea, south of Latitude 15° N b) On the west of the Gulf of Oman by Longitude 58° E c) On the east, Longitude 78° E d) And on the south, Latitude 12° S. Excepting coastal waters of adjoining territories up to 12 nautical miles offshore unless otherwise provided.

These waters were added on 16 December 2010 to the Joint War Committee’s Hull War, Strikes, Terrorism and Related Perils Listed Areas.

Bahrain

This country is currently viewed as being of higher risk by some underwriters and may be subject to an additional premium for a call, depending on the port.

Excluding transits

Benin

There have been continuing attacks off of Benin and Nigeria since mid 2011 resulting in a number of cases where the ship has been hi-jacked and a significant part of the cargo of gasoil has been stolen.

Eritrea

South of 15º N only

This country was added on 2 August 2010 to the Joint War Committee’s Hull War, Strikes, Terrorism and Related Perils Listed Areas.

Gulf of Aden

The waters enclosed by the following boundaries: a) On the north-west, by the Red Sea, south of Latitude 15° N b) On the west of the Gulf of Oman by Longitude 58° E c) On the east, Longitude 78° E d) And on the south, Latitude 12° S Excepting coastal waters of adjoining territories up to 12 nautical miles offshore unless otherwise provided.

This is considered to be a very high risk area and all transits or calls will attract an additional premium. The rating for this excluded area varies widely and can be dependant upon additional protective measures taken, such as the vessel being part of a naval convoy, being registered with MSCHOA and whether specific Marine Kidnap and Ransom Coverage has been purchased.

Gulf of Guinea

Only the waters of the Togolese, Beninese and Nigerian Exclusive Economic Zones north of Latitude 3° N

Piracy in the Gulf of Guinea has been steadily increasing in recent years and has become a major threat to ship owners and ship charterers operating in the region. Unlike in other parts of the world where piracy is prevalent, piracy in the Gulf of Guinea tends to focus primarily on the theft of cargo where the associated costs are not covered under a standard piracy policy.

Gulf of Oman

The waters enclosed by the following boundaries: a) On the north-west, by the Red Sea, south of Latitude 15° N b) On the west of the Gulf of Oman by Longitude 58° E c) On the east, Longitude 78° E d) And on the south, Latitude 12° S Excepting coastal waters of adjoining territories up to 12 nautical miles offshore unless otherwise provided.

These waters were added on 16 December 2010 to the Joint War Committee’s Hull War, Strikes, Terrorism and Related Perils Listed Areas.

Indian Ocean

The waters enclosed by the following boundaries: a) On the north-west, by the Red Sea, south of Latitude 15° N b) On the west of the Gulf of Oman by Longitude 58° E c) On the east, Longitude 78° E d) And on the south, Latitude 12° S Excepting coastal waters of adjoining territories up to 12 nautical miles offshore unless otherwise provided.

On 7 January 2009 the Joint War Committee added the Indian Ocean to its Hull War, Strikes, Terrorism and Related Perils Listed Areas.

Indonesia

Borneo, but only the north east coast between ports of Kudat and Tarakan inclusive; Port of Jakarta;

These areas are currently viewed as being of higher risk by some underwriters and may be subject to an additional premium for a call.

Iran

Due to sanctions imposed on this country, it is currently viewed as being of higher risk by some underwriters. This may attract an additional premium or, in some cases, be excluded from cover.

Iraq

Including all Iraqi offshore oil terminals

This country is currently viewed as being of higher risk by some underwriters and may be subject to an additional premium for a call, depending on the port.

Israel

This country is currently viewed as being of higher risk by some underwriters and may be subject to an additional premium for a call, depending on the port.

Lebanon

This country is currently viewed as being of higher risk by some underwriters and may be subject to an additional premium for a call, depending on the port.

Libya

Libya was added to the Joint War Committee’s Listed Areas on 3 March 2011 in response to the situation there. This is currently considered a high risk area and calls to Libya are likely to attract an additional premium.

Nigeria

There have been continuing attacks off of Benin and Nigeria since mid 2011 resulting in a number of cases where the ship has been hi-jacked and a significant part of the cargo of gasoil has been stolen.

Pakistan

This country is currently viewed as being of higher risk by some underwriters and may be subject to an additional premium for a call, depending on the port.

Philippines

Sulu Archipelago - The area enclosed between: a) On the western side, a straight line between Tanjung Bidadari (5°49′•6N, 118°21′•0E) to position 3°32′•0N, 118°57′•0E b) On the south eastern side, a straight line from there to position 5°50′•0N, 122°31′•0E, and thence northwards to position 7°06′•6N, 122°31′•0E c) On the northern side, a straight line from there to Batorampon Point Light (7°06′•6N, 121°53′•8E) d) And on the north western side, a straight line from there back to Tanjung Bidadari.

This area is currently viewed as being of higher risk by some underwriters and may be subject to an additional premium for a call, depending on the port.

Saudi Arabia

This country is currently viewed as being of higher risk by some underwriters and may be subject to an additional premium for a call, depending on the port.

Excluding transits

Somalia

The area where ships are potential targets remains enormous. The JWC considered the increased range of the pirates given their use of substantial motherships and expanded the Listed Area accordingly. Pirate activity continues, although for the time being, at a reduced level. The lack of countries willing to prosecute captured pirates means that considerable numbers of captured pirates have simply been released to sail again. The US Executive Order effectively requires insurers to contact OFAC should they be involved in a piracy case.

Southern Red Sea

The waters enclosed by the following boundaries: a) On the north-west, by the Red Sea, south of Latitude 15° N b) On the west of the Gulf of Oman by Longitude 58° E c) On the east, Longitude 78° E d) And on the south, Latitude 12° S Excepting coastal waters of adjoining territories up to 12 nautical miles offshore unless otherwise provided.

These waters were added on 16 December 2010 to the Joint War Committee’s Hull War, Strikes, Terrorism and Related Perils Listed Areas.

Sri Lanka

This country was added on 8 December 2011 to the Joint War Committee’s Hull War, Strikes, Terrorism and Related Perils Listed Areas.

Togo

There have been continuing attacks off of Benin, Nigeria and Togo resulting in a number of cases where the ship has been hi-jacked and a significant part of the cargo of gasoil has been stolen.

Venezuela

Including all offshore installations in the Venezuelan EEZ

This country was added on 11 June 2011 to the Joint War Committee’s Hull War, Strikes, Terrorism and Related Perils Listed Areas.

Yemen

This country is currently viewed as being of higher risk by some underwriters and may be subject to an additional premium for a call, depending on the port.

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