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Normally referred to as war risk insurance, this type of insurance is an add-on to the normal hull and machinery insurance. The concept consists of a list of areas for which the insurer assesses that the risks to the ship’s hull are elevated, and for which an added premium will have to be paid.
BIMCO's position on "piracy, armed robbery and other violent criminal acts at sea " has been approved by the BIMCO Board of Directors.
The BBC has reported details of a piracy attack in the Gulf of Aden.
The anti-piracy bill brings hope that anti-piracy bill will bring and end to Nigerian piracy and strengthen the blue economy.
At the IMO’s 101st meeting of the Maritime Safety Committee, BIMCO’s Head of Maritime Security – Jakob P. Larsen – spoke in a direct fashion about the serious situation posed by piracy in the Gulf of Guinea, and especially off the coast of Nigeria.
On 4 June BIMCO, together with ICS, IMCA, ITF and OCIMF, had arranged a symposium about piracy in the Gulf of Guinea. The symposium came to the conclusion that the Nigerian piracy problem occurs in a small area and can be solved if Nigeria wants it.
The latest edition of this clause is the Piracy Clause for Single Voyage Charter Parties 2013.
The latest edition of this clause is the Piracy Clause for Time Charter Parties 2013.
The latest edition of this clause is the Piracy Clause for Consecutive Voyage Charter Parties and COAs 2013.
Read the latest digest of maritime security incidents and the weather forecast for piracy threat areas for the week to come.
