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Owner members whose vessels are ordered, or charterer members who order vessels, to proceed to load or discharge at Ukrainian and / or Russian Black Sea ports should consider the English law charterparty and cover issues outlined below as the situation in the area develops. 1. War Risks It is common practice to include war ...
Jittery shipowners have started to avoid Black Sea ports in Russian or Ukraine’s waters after the region was declared high risk by insurers, and Singapore-based traders said they were reviewing their exposure to Russian commodities as sanctions loom. Networks of commodity traders, shipping finance executives and ship brokers in the shipping hub of Singapore said ...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The English Appeal Court has concluded cargo underwriters are not excused from contributing in general average towards a ransom payment, notwithstanding the fact the voyage charterers contributed under the terms of the charter towards the additional war risk premium payable to owners’ war and K&R insurances, and the charter was incorporated into the bills of ...
Dryad Global is partnering with an approved Lloyd’s of London broker with over 70 years of market experience. CR International, part of the CR Group, is one of the largest European players for retail business, placing insurances on War Risks, H&M and P&I (amongst others) for more than 9,500 vessels. The new business alignment means ...