War Risks Renewals – Policy Year 2024/25 (7.135)

This circular sets out London P&I’s war risks renewal arrangements for the 2024/25 policy year, including advance contribution rates, limited reinstatement for nuclear and cyber risks, insured values, additional premium areas, sanctions wording and policy year decisions.

It also reminds members of the Class 7 rules, highlights maritime security guidance and confirms the current areas that attract additional premium.