Marine War Risks
& High-Risk
Area Cover
_________________________________
War Risks insurance has become an increasingly important part of voyage planning as geopolitical events, armed conflict, piracy and sanctions affect commercial shipping routes.
Marine War Risks
& High-Risk
Area Cover
_________________________________
War Risks insurance has become an increasingly important part of voyage planning as geopolitical events, armed conflict, piracy and sanctions affect commercial shipping routes.
Marasco assists Owners with annual War Risks programmes and voyage-specific Additional Premium negotiations when vessels enter listed or high-risk areas.
Areas of Exposure
War-risk considerations may arise in connection with:
- armed conflict
- mines
- missiles and drones
- terrorism
- piracy
- detention
- confiscation
- politically motivated attacks
- navigation through designated high-risk areas
Additional War Risk Premiums
When a vessel enters a listed area, Underwriters may require an Additional Premium based on:
- vessel value
- exact location
- duration of exposure
- vessel type
- flag and ownership
- cargo
- geopolitical conditions
- threat profile
- security measures
Rates can change rapidly.
An indicative rate received several days before entry should not automatically be regarded as a firm binding rate.
Voyage-Specific Approach
Before a high-risk voyage, Marasco recommends confirming:
- exact port or terminal
- ETA
- expected duration
- Underwriter approval
- War P&I
- Loss of Hire
- K&R
- security measures
- charterparty allocation of additional costs
Marasco Risk Intelligence
Marasco monitors material maritime-security developments affecting:
- Black Sea
- Red Sea
- Gulf of Aden
- Strait of Hormuz
- other high-risk trading areas
Relevant developments are communicated through Marasco Client Advisories and the Marasco Shipping Risk Outlook.
FAQs
Is a vessel automatically covered for war risks under H&M?
Not necessarily. War perils are commonly excluded from ordinary H&M and insured separately.
What is an Additional War Risk Premium?
It is an additional premium required for entry into certain listed or high-risk areas.
How long is a quoted war-risk rate valid?
This depends on the market and prevailing conditions. During volatile periods quotations may have very short validity.
Can Marasco negotiate voyage-specific terms?
Yes.
Vessel Entering a High-Risk Area?
Send us:
- Vessel name;
- IMO;
- insured value;
- current position;
- intended port/route;
- ETA;
- expected duration.
Internal links:
K&R Loss of Hire Latest Client Advisory Insurance Shipping Risk Outlook
