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Cargo Insurance Policy Terms

Important Update Applicable To All Open Cover Insurance Policies Mentioned Above:  22 January 2024

As of 22 January 2024 23.59hrs, for all cargo not already en route,  War, Strikes, Riots and Civil Commotion Perils covered under the Institute War Clauses (Cargo) and Institute Strikes Clauses (Cargo) are cancelled in respect of shipments to, from or within the Red Sea, Gulf of Aden and Indian Ocean defined as:

  • On the northwest, by the Red Sea, south of Latitude 18°N
  • On the northeast, from the Yemen border at 16°38.5’N, 53°6.5’E to high seas point 14°55’N, 53°50’E
  • On the east, by a line from high seas point 14°55’N, 53°50’E to high seas point 10°48’N, 60°15’E, thence to high seas point 6°45’S, 48°45’E
  • And on the southwest, by the Somalia border at 1°40’S, 41°34’E, to high seas point 6°45’S, 48°45’E
  • Excepting coastal waters of adjoining territories up to 12 nautical miles offshore unless otherwise provided.

Additional cover War and Strikes Clauses cover can be purchased for this region at additional cost, Price on Application.