Cargo War Risks Are Back on the Table – And Your Policy Might Not Respond

The recent escalation in global conflicts, particularly in the Middle East, has pushed cargo war risk back into focus for Australian importers and exporters.

Read our latest Shipping News Publication here 

 

Below is a generalised diagram that shows exclusions zones as per JCC Global Cargo Watchlist.

Insurance providers have already cancelled standard War and Strikes risks Cover to, from, within or through the Restricted Country or Region or Locations.

If shippers are shipping to these regions, then it is possible to approach insurance providers for cover at a higher premium on a case by case basis. Any land travel however is still more than likely to remain excluded in the coverage.

 

NB: This is general advice only and we recommend you consult your insurance provider for specific advice.