Notice of Cancellation of Cover in respect of certain War Risks ( 5:679)

The Association’s re-insurers have issued a Notice of Cancellation in respect of certain War Risks covers for Fixed Premium Assureds. This Circular therefore constitutes the Association’s corresponding Notice of Cancellation under all relevant covers.

Relevant Covers

This Notice applies to all Owners’ Fixed Premium (P&I) and Charterers’ CSL covers, and any

extensions/ancillary covers as may have been agreed by the Association, where cover is

extended to include War Risks (‘Relevant Covers’).

For good order, this Notice does not apply to mutual P&I, War and FD&D cover and the Excess War Risks cover afforded to Assureds with mutual P&I cover.

Effective Date

Notice of Cancellation is hereby given effective from today. Cancellation will take effect on expiry of 72 hours from 00:001 hrs GMT on the day after this Notice is given.

War Risks Terminated

Upon the Effective Date, the War Risk cover for Assured(s) insured for risks under the Relevant

Covers, above, will be terminated automatically for Assured(s) trading or being within the

following areas:

Indian Ocean, Gulf of Aden and Red Sea

The waters enclosed by the following (the Boundaries):

a) on the northwest, by the Red Sea, south of Latitude 25°30’N

b) 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

c) 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

d) 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 up to 12 nautical miles offshore of territories which are wholly or in part within the Boundaries.

The coastal waters exception above does not include the Bab el-Mandeb Traffic Separation Scheme, the Red Sea coast of Saudi Arabia that lies within the Boundaries, or the Yemeni coast.

This Notice does not alter the position of any other area currently restricted or excluded under respective policies.

All other terms and conditions remain unchanged.

Reinstatements

We are working on the details of the buy-back option reinstating the cover. Please contact your underwriter for further details.