Charterers’ Liability and Non-poolable Insurance – Notice of Cancellation War Risks
The Association hereby gives notice of cancellation as per relevant Notice of Cancellation Clause in respect of War Risk cover for all non-mutual business including but not limited to Charterer’s Liability Insurance, Limited P&I Insurance and Non-poolable extended and ancillary insurance covers.
Notice of Cancellation is hereby given effective from today, extending beyond 72 hours and will come into force with effect from 00:00 hrs GMT (Midnight), 5 March 2026.
Upon expiry of the notice, the War Risk cover for any of the aforesaid insurances will be terminated automatically for Assured(s) trading or being within the territorial waters of any of the following countries or places (including any port area that at the date of this notice constitutes part of such a country or place however it may hereafter be described).
The cover is from that time reinstated with the following changes to the cover:
Notwithstanding anything to the contrary contained in any Certificate of Entry or Cover Note or insurance offer not yet accepted, cover shall exclude liabilities, losses, costs and expenses caused by War risks as set out in the Swedish Club Rules for Charterers’ Insurance (including Liability for Damage to Hull, or any Cover Note for any cover as set out above, where such liabilities, losses, costs and expenses arises in the waters specifically mentioned below:
- Iran and Iranian waters including coastal waters up to 12 nautical miles offshore
- Persian/Arabian Gulf and adjacent waters as defined
Definition: Persian/Arabian Gulf and adjacent waters including the Gulf of Oman and waters west of the line from Oman’s territorial limit off Cape al-Ḥadd at 22°42.5’N, 59°54.5’E northeast to the Iran-Pakistan border at 25°10.5’N, 61°37.5’E
Coverage may be reinstated at terms to be agreed by the Association.
This Notice does not alter the position of any other area currently restricted or excluded under respective policies.
This Notice of Cancellation shall apply to all persons or companies named as Assureds and/or Co-assureds.
This Notice of Cancellation applies to the war risk cover of the above-mentioned covers only, all other terms and conditions of the relevant covers remain unchanged.
This Notice does not affect mutual P&I, War and FD&D cover and the Excess War Risks cover afforded to Assureds with mutual P&I Cover.
Yours faithfully,
Thomas Nordberg,
Chief Executive Officer
