We are regularly approached by clients with enquiries on matters associated with War and Terrorism and how this impacts charterparties, voyage orders and also the policy of insurance with the Club.
The on-going situation in the Red Sea demonstrates what happens when the underlying risk in a country or area changes raising concerns by Charterers on the impact this will have on their existing and future shipping contracts.
War cover in general provokes a lot of dialogue on the exact meaning and scope of some of the concepts and underwriting practices used in the industry. The following Q&A answers some of the most frequently asked questions.
