Excess war risks
Special war risks P&I excess cover is provided for claims in excess of the proper value of the entered ship as defined in rule 5D or whatever sum is recoverable from war risk underwriters, whichever is the greater.
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As part of our series of live webinars covering various Loss Prevention issues, the UK Club provided anoverview of P&I Clubs and claims for Members, brokers and industry contacts in the Americas region
The UK P&I Club host their third live webinar, this time giving an overview of P&I Clubs and Claims.
The UK P&I Club recently held a webinar on the subject of Chemical Tanker Claims, the webinar was a great success with more than 1000 registrations from over 58 countries
Circular 02/22: Special War Risks P&I Excess Cover, and Biocchem Cover, and US Terrorism Risk Insurance Act of 2002, as Amended by the Terrorism Risk Insurance Program Reauthorization Act of 2019
At their meeting on 7th February 2022, the Directors reviewed the basis on which special war risks P&I cover could be made available to Members in accordance with the proviso to Rule 5E.