War Risks

Invitation to an LSLC HYBRID event – The Polar (2021) – 25th April 2022

THE LSLC IN ASSOCIATION WITH TWENTY ESSEX WELCOMES MEMBERS AND OTHER COMMERCIAL PROFESSIONALS TO THE CENTRE’s 3rd WEBINAR IN ITS 2022 GLOBAL WEBINAR SERIES

THE POLAR [2021] EWCA Civ 1828;
[2022] 1 Lloyd’s Rep 375

The Court of Appeal considers the incorporation of a charter war risks / K&R regime into bills of lading 

Specific issues to be discussed will include:

  • The approach to the incorporation of charterparty terms into bills of lading in general
  • Whether exclusive insurance codes in charters will...

https://allaboutshipping.co.uk/2022/04/20/invitation-to-an-lslc-hybrid-event-the-polar-2021-25th-april-2022/

LSLC HYBRID event – The Polar (2021) – 25th April 2022

THE LSLC IN ASSOCIATION WITH TWENTY ESSEX WELCOMES MEMBERS AND OTHER COMMERCIAL PROFESSIONALS TO THE CENTRE’s 3rd WEBINAR IN ITS 2022 GLOBAL WEBINAR SERIES

THE POLAR [2021] EWCA Civ 1828;
[2022] 1 Lloyd’s Rep 375

The Court of Appeal considers the incorporation of a charter war risks / K&R regime into bills of lading  
Specific issues to be discussed will include:
– The approach to the incorporation of charterparty terms into bills of lading in general
– Whether exclusive insurance codes in...

https://allaboutshipping.co.uk/2022/04/13/lslc-hybrid-event-the-polar-2021-25th-april-2022/

HFW | Charterparty insurance terms and cargo’s liability in General Average

HFW | Charterparty insurance terms and cargo’s liability in General Average

Herculito Maritime Ltd and Others v Guvnor International BV and Others (the “POLAR”) [2020] EWHC 3318 (Comm)

In this recent arbitration appeal with implications for owners, charterers and bill of lading holders, the High Court considered whether owners were prevented from recovering from cargo interests in General Average (GA) due to provisions in the charterparty allocating liability for additional insurance premiums....

https://allaboutshipping.co.uk/2021/02/25/hfw-charterparty-insurance-terms-and-cargos-liability-in-general-average/

2020 cover in respect of biological and bio-chemical weapons

The Britannia P&I Club issued a circular which describes the arrangements which have been made, in order to provide a special cover for war and terrorism risks and cover in respect of biological and bio-chemical weapons for the 2020 policy year.

Cover in respect of biological and bio-chemical weapons

The risks covered through the Pooling facility are in respect of the Members’ liability:

1. To pay damages, compensation or expenses in consequence of the personal injury to or illness or death of any...

https://safety4sea.com/2020-cover-in-respect-of-biological-and-bio-chemical-weapons/

Hapag Lloyd implements vessel risk surcharge for vessels to/from Gulf Oman

After the recent attacks in the Gulf of Oman, Hapag Lloyd announced that the operating costs for their services in the Middle East Gulf region have increased. The attacks shocked the shipping industry resulting to CMA CGM also increasing its insurance costs in the area and implementing a War Risk Surcharge.

Specifically, Hapag Lloyd announced that they will implement a Vessel Risk Surcharge (VRS), from July 15, 2019 as follow:

For cargo from/to and via Arabian Gulf (Bahrain, Iraq, Kuwait, Oman,...

https://safety4sea.com/hapag-lloyd-implements-vessel-risk-surcharge-for-vessels-to-from-gulf-oman/

CMA CGM announces War Risk Surcharge in Middle East

CMA CGM informed that after considering the recent incidents in the Strait of Hormuz and the related significantly increasing insurance costs in the Middle East Gulf region, it decided to implement a War Risk Surcharge.

The War Risk Surcharge will apply from July 5th, 2019, for all trades, except USA and China (August 1st, 2019):

From/To Oman, the UAE, Qatar, Bahrein, Saudi Arabia (Dammam and Jubail), Kuwait, Iraq.

CMA CGM added that additional countries might be added depending on the situation...

https://safety4sea.com/cma-cgm-announces-war-risk-surcharge-in-middle-east/

Clearwater works with Norway’s maritime war risk insurance club (DNK) to develop ground-breaking digital solutions for maritime insurance market

Clearwater Tracking and DNK have partnered to provide the first end-to-end truly digital platform for maritime insurance, operations and management, deploying advanced satellite technology from ORBCOMM for cost-effective, near real-time data on vessel position, breach reporting and other on-board information

Poole, 11 October 2018 – UK-based technology company, Clearwater Tracking, has teamed with DNK (Den Norske Krigsforsikring for Skib), the Norwegian maritime war risk insurance club, to...

http://www.allaboutshipping.co.uk/2018/10/11/clearwater-works-with-norways-maritime-war-risk-insurance-club-dnk-to-develop-ground-breaking-digital-solutions-for-maritime-insurance-market/

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