War Risks: Hull & Machinery
| Country | Risk assessment | Specific information | Indicative rates (%) |
Bahrain |
This country has an element of heightened risk but underwriters are not charging any additional premium at this time. |
Excluding transits |
0.01 |
Djibouti |
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 Transit |
0.0125 |
Georgia |
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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Gulf of Aden |
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. For more information, please contact FP Marine Risks. |
Transit |
H/C |
Indian OceanBeyond the eastern Somalia and Gulf of Aden areas out to 65E south of latitude 15° N with the southern boundary being 11S but at 49E, the boundary shall extend due south then east along the latitude 12° S, but excluding the coastal waters of Kenya, Tanzania and Mozambique up to 12 nautical miles offshore. |
On 7 January 2009 the Joint War Committee added the Indian Ocean to its Hull War, Strikes, Terrorism and Related Perils Listed Areas. |
H/C | |
Indonesia |
Whilst this country has an element of heightened risk attaching to it, Underwriters have not generally sought to charge additional premiums in the recent past. However, should the situation in the country change dramatically, then it could have an adverse effect on Underwriters’ position. |
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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. |
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Iraq |
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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| Basrah | 0.2 | ||
| Umm Qasr | 0.125 | ||
| Mina Al Bakr / Basrah Terminal | 0.10 | ||
Israel |
Whilst this country has an element of heightened risk attaching to it, Underwriters have not generally sought to charge additional premiums in the recent past. However, should the situation in the country change dramatically, then it could have an adverse effect on Underwriters’ position. |
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| Ashkelon | 0.035 | ||
| Haifa | 0.035 | ||
| Ashdod | 0.035 | ||
| Eilat / Israeli coast of Gulf of Aqaba | 0.0125 | ||
Ivory Coast |
This is currently considered a high risk area and calls to the Ivory Coast are likely to attract an additional premium. |
0.025 | |
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. |
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| Sidon | 0.0125 | ||
| South of Beirut | 0.0125 | ||
| Tripoli | 0.0125 | ||
| Beirut | 0.0125 | ||
MalaysiaBorneo, but only the north east coast between the ports of Kudat and Tarakan inclusive, The Malacca Strait, as defined. |
Whilst this country has an element of heightened risk attaching to it, Underwriters have not generally sought to charge additional premiums in the recent past. However, should the situation in the country change dramatically, then it could have an adverse effect on Underwriters’ position. |
Please contact FP Marine Risks | |
Nigeriaincluding all Nigerian offshore installations |
The country is considered to be very high risk and is very likely to be subject to an additional premium, the rate for which is dependant upon the specific port or location. Rates can vary if owners have sought Marine Kidnap & Ransom Insurance or taken other protective measures. |
0.05 | |
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. |
0.0125 | |
Philippines |
Whilst this country has an element of heightened risk attaching to it, Underwriters have not generally sought to charge additional premiums for all calls and all ports in the recent past. However, certain areas will almost always attract an additional premium, such as the areas around the Sulu Archipelago and Mindanao. |
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Qatar |
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 |
0.01 |
Saudi Arabia |
Excluding Transit |
||
| Arabian Gulf | 0.015 | ||
| Red Sea Coast | 0.01 | ||
SomaliaIncluding waters out to 250 nautical miles of the eastern Somalia (Indian Ocean) coast south of Latitude 10 degrees north. |
All Somali waters are now deemed to be of the highest risk. A.Ps for calls to specific Somali ports are on application only. For more information, please contact FP Marine Risks. |
Vessels or craft are not to approach within 100 nautical miles of the Socotra archipelago. Vessels or craft are to stay 40 nautical miles to the north of Somalia when transiting the Gulf of Aden. |
H/C |
Sri Lanka |
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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| Colombo | 0.015 | ||
| Trincomalee | 0.025 | ||
VenezuelaIncluding all offshore installations in the Venezuelan EEZ |
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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Yemen (Republic of) |
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. |
0.035 |