Circular 05/24: Buy Back cover for Charterers P&I War Risks in the Red Sea

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We refer to Circular 04/24 which contained Notice of Cancellation in respect of War Risks coverage within the Indian Ocean, Gulf of Aden and Southern Red Sea. This is in respect of all non-mutual business including but not limited to Charterers’ Liability Cover, Non-Poolable extended and ancillary covers to Mutual entries and Fixed Premium P&I Cover.

We are pleased to advise that the Club can now provide an economically priced Charterers’ Liability buyback for the excluded risks on a voyage by voyage basis with flexibility on available limits.

Please contact the Underwriting Department or your usual Underwriter who can discuss your requirements. 

William Beveridge

Chief Underwriting Officer

Date20/02/2024

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