Circular 04/26: War Notice of Cancellation - Iran & Persian/Arabian Gulf

Members are advised that the Club issued 72 hours’ Notice of Cancellation from Midnight GMT Saturday 28^th February 2026, effective Midnight GMT Tuesday 3^nd March in respect of War Risks coverage, as detailed below, on all non-mutual business including but not limited to Charterer's Liability Cover, Non-Poolable extended and ancillary covers to Mutual entries and Fixed Premium P&I Cover.

 

Brokers and any directly entered Members/Assureds who are affected have been advised in advance of the 72 hours’ notice period.

 

Subject to certain restrictions and conditions, write-back cover is available from the Club and Members should speak to their usual contact at the Club to make arrangements.

 

The Notice of cancellation does not apply to Mutual entries for P&I, including the Group Excess P&I War and Group PLR War covers.

 

The full notice of cancellation is as follows:

 

“Notice of Cancellation (“Notice”) is hereby given today 28th February 2026 that, with effect from Midnight GMT 3rd March 2026, the following coverage changes will be implemented in respect of War Risks coverage on all non-mutual business including but not limited to Charterers Liability Cover and/or Charterers ancillary insurances, Non-Poolable extended and ancillary covers to Mutual entries and Fixed Premium P&I Cover.

 

Notwithstanding anything to the contrary contained in each and any Member’s terms of entry current at the time of this Notice, including but not limited to the Club’s Charterers Terms and Conditions 2025 & 2026, with effect from Midnight GMT 3rd March 2026 war risk cover shall exclude liabilities, losses, damages, costs and expenses, caused by or arising out of or in any way connected with one or more of the following risks:

 

1. war, civil war, revolution, rebellion, insurrection, or civil strife arising therefrom, or any hostile act by or against a belligerent power;
2. capture, seizure, arrest, restraint, or detainment, and the consequences thereof or any attempt thereat;
3. derelict mines, torpedoes, bombs, or other derelict weapons of war;
4. strikes, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions;
5. terrorism, or any person acting maliciously or from a political motive;
6. confiscation, nationalisation, expropriation, deprivation or requisition,

 

Where any such liabilities, losses, damages, costs and expenses occur or arise in the waters specifically mentioned below

• Iran and Iranian waters including coastal waters up to 12 nautical miles offshore
• Persian/Arabian Gulf and adjacent waters as defined

 

Definition:

Persian/Arabian Gulf and adjacent waters including the Gulf of Oman and waters west of the line from Oman’s territorial limit off Cape al-Ḥadd at 22°42.5'N, 59°54.5'E northeast to the Iran-Pakistan border at 25°10.5'N, 61°37.5'E

 

This Notice shall apply to all persons or companies named as Assureds and/or Co-assureds.

 

This Notice is being given on behalf of the Club in compliance with the 72 hours notification requirements stipulated in each and any Member’s terms of entry for the applicable cover(s) in question.”