On 28 December, the Guardian reported that at least 12 of the 13 Protection and Indemnity (P&I) clubs – which cover 90% of the world’s ocean-going ships, including those from the UK and the US – are cancelling war-risk coverage across Russia, Ukraine and Belarus from January, leaving cargo and freight companies liable for major losses.
https://www.theguardian.com/business/2022/dec/28/insurers-end-war-risk-cover-for-shipping-in-ukraine-invasion-territories
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Author: raytodd2017
Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section
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