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Results for:Armed conflict and war
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Guidance regarding Private Maritime Security Contractors (incl. Armed Guards)
02 August 2011As members are aware, the use of armed guards is a contentious question. Different states have different rules which would need to be counted in when considering the use of armed guards. IMO has recently developed guidance for all stakeholders, and currently BIMCO is in the process of developing a supplementary advisory on the issue to members.
Persian Gulf: War risks revisited
21 June 2019As a result of increasing tension in the Persian Gulf area following recent attacks on two tankers, War Risk underwriters are charging additional premiums (AP) for calls to the Arabian Gulf/Gulf of Oman. Some underwriters are charging a flat rate for all tonnage operating in the area, while others are differentiating based on the type of tonnage, flag and port of call. AP is typically charged as a percentage of the hull value. Underwriters day top value is at present 1%.
