NO. 37


War Insurance

War Risk Insurance Premium Applied To Bab al-Mandab Transit

MEES understands that war risk insurance underwriters notified marineinsurance customers on 1 June that transit passage through the internationalwaterway of Bab al-Mandab will be included in the list of "war riskexcluded areas" and that such passage will be subject to an additionalpremium of 0.1% of the value of the hull and cargo of a ship effective 7 June.This new premium will apply to all...