Notices to Members

No.8 2026/27 - Notice of Cancellation and Reinstatement in respect of non-mutual War Risk Business

Bart Mertens

Chief Underwriting Officer

Following recent developments, the Association has received notice of cancellation and immediate reinstatement from its reinsurers in respect of war risks liabilities arising within Indian Ocean, Gulf of Aden and Red Sea waters. This new update does not apply to Mutual P&I and FD&D cover.

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Notice of Cancellation is hereby given that, with effect from 72 hours after 00:00 hrs GMT on 12th August 2026, the following exclusion will apply from 00:01 hrs GMT on the 16th August 2026 in respect of War Risks coverage as set out in the Rules of the Association and/or terms of entry on all non-mutual business including but not limited to:

Charterer's Liability Cover
Fixed Premium Owners Cover
Non-Poolable extended covers to Mutual entries and Fixed Premium P&I Cover.

The updated excluded areas have been determined as follows:

Indian Ocean, Gulf of Aden and Red Sea

The waters enclosed by the following (the Boundaries):

on the northwest, by the Red Sea, south of Latitude 25°30’N
on the northeast, from the Yemen border at 16°38.5’N, 53°6.5’E to high seas point 14°55’N, 53°50’E
on the east, by a line from high seas point 14°55’N, 53°50’E to high seas point 10°48’N, 60°15’E, thence to high seas point 6°45’S, 48°45’E
and on the southwest, by the Somalia border at 1°40’S, 41°34’E, to high seas point 6°45’S, 48°45’E

excepting coastal waters up to 12 nautical miles offshore of territories which are wholly or in part within the Boundaries.

The coastal waters exception above does not include the Bab el-Mandeb Traffic Separation Scheme, the Red Sea coast of Saudi Arabia that lies within the Boundaries, or the Yemeni coast.

Further information shall be released shortly regarding necessary buy-back provisions.

If you have any questions about this Notice, please reach out to your usual point of contact or undersigned.

Yours faithfully

For: West of England Insurance Services (Luxembourg) S.A.
(As Managers)

B Mertens
Chief Underwriting Officer