War Risks: Hull & Machinery
| Country | Risk assessment | Specific information | Indicative rates (%) |
Arabian SeaThe 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. |
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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 AdenThe 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. For more information, please contact FP Marine Risks. |
Transit |
H/C |
Gulf of OmanThe 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. |
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Indian OceanThe 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. |
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 |
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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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 | ||
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. |
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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 |
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| 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 |
Southern Red SeaThe 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. |
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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 |