News 06 Jan, 2023

War risk liabilities in Russia, Ukraine and Belarus

Simon Parrott
Simon Parrott
Chief Underwriting Officer

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.