VOL. XXXVII

NO. 39

27-JUNE-1994

War Insurance

War Risk Insurance Premium Eased Off Bab al-Mandab Transit

MEES understands that the London-based war risk insurance underwriters havelifted the additional premium on cargo that they levied earlier this month ontransit passage through the international waterway of Bab al-Mandab. However, anadditional premium is still being charged on the hull but at much lower ratesthan before and the waterway continues to be under notice depending ondevelopments. The...