Renewals - Policy Year 2004/2005 (7.07)

This circular sets out the war risks renewal terms for policy year 2004/2005, including advance contribution rates, limits of liability, additional premium areas and key changes to cover.

• It confirms the rates applying to cruise vessels and all other vessels.
• It explains the liability limits and the current additional premium areas.
• It also highlights insured value checks, port of registry updates and new exclusions required by reinsurers.