War risks

War risks (H&M)

Loss to the H&M occurring as a result of a war, terrorism act etc.

Blocking & trapping

Cover to indemnify owner for the loss, due to trapping or blocking of the insured vessel resulting from closure of canals, passageways etc. This item is already covered in certain standard war conditions for ships, but not in others.

This type of insurance is also available to cover loss of earnings and/or daily running expenses.

Other political risks

Physical or financial loss occurring as a result of political or governmental acts etc. Examples of this are: Confiscation and Expropriation, Non-honouring of guarantees, Contract frustration etc.

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