NO. 18



Lloyd's Doubles Insurance for Ships Sailing to Kuwait:

Four more Tankers Attacked As a result of the continuing attacks by Iranagainst tankers sailing to and from Kuwait, Lloyds marine insurers announced on3 February that the cost of insuring ships sailing to Kuwait would be doubled,meaning rates on a par with those for ships going to Iraq and Iran. Hullinsurance has been raised to 0.375% as a war premium, in addition to thestandard premium for...