We are a member of the Combined Group of War Risks Clubs, covering and pooling War Risks liabilities.
Our War Risks insurance essentially provides cover for physical loss and damage to ships caused by war risks; as well as cover for detention or diversion expenses, and for third party liabilities usually excluded by P&I.
The London P&I Club strongly recommends that all members conduct threat and risk assessments when preparing for voyages into areas presenting increased security risk against careful consideration of the comprehensive guidance and information available from the international shipping industry’s consolidated website for managing all types of maritime risk (www.maritimeglobalsecurity.org). The website includes general guidance on countering piracy as well as up-to-date region specific recommended measures (including in particular the Gulf of Aden/Somali Basin and Gulf of Guinea).
We also strongly recommend that members comply with the provisions of the relevant sanctions regimes in order to minimise the risk of their cover being prejudiced or being unable to make a recovery. Compliance will inevitably involve the exercise of due diligence by the member in relation to any trading involving Iran or other sanctioned countries or with certain designated individuals or companies. Click here for more details.
Our current War Risk Rules can be downloaded here.
Circulars issued to members of the War Risks Class can be accessed here.
Benefits of our War Risks Cover – an introduction to and summary of the advantages of our approach to War Risks insurance can be downloaded here.
For further information about our War Risks cover please contact our underwriting team at: firstname.lastname@example.org