Insurance Premiums on Fire in the Black Sea
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War risks in the Black Sea led to a sharp rise in the price of insurance for merchant ships. According to insurance market data, premiums for covering war risks for some of the most dangerous flights reached 20% of the ship's cost, exceeding even the maximum levels recorded during the Iran-Iraq tanker war in the 1980s. According to Splash247, the rise in insurance costs is happening at [...] The post The cost of insuring ships in the Black Sea r…
Against the background of increased attacks on merchant ships in the Black Sea, insurance premiums for war risks for certain particularly dangerous flights reached 20% of the cost of the ship's hull. The post Insurance of vessels in the Black Sea has risen in price to a record 20% of their value appeared first on Ukrainian Shipping Magazine — Shipping News of Ukraine and the World.
One of the world's largest container shipping companies, France's CMA CGM, is introducing an additional charge due to the military risk in the Black Sea. The measure comes into effect on November 9 and covers cargo transported to and from the Black Sea countries, including through the Bulgarian ports of Varna and Burgas.
Additional war risk premiums in the Black Sea, near Ukraine, have soared to 20% of the insured value of ships due to the escalation of attacks, according to Lloyd’s List, while… Insurance premiums “on fire” in the Black Sea - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
French container carrier CMA CGM has notified its customers that it is introducing an extraordinary "war risk" (WRS) surcharge on cargo to and from all Black Sea ports, the specialized maritime website reports.
CMA CGM introduces a US$35/TEU war risk surcharge for Black Sea transport, including Constance
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