The introduction of economic sanctions against Russian banks and other interests may restrict insurers or other financial security providers from processing claims or prohibit payment of claims arising under IMO liability and compensation conventions.
As one of the Buckingham Palace Declaration Signatories, BIMCO is keen to share the United for Wildlife Taskforce Alerts. These are advisories for issues of high concern related to wildlife trafficking and the transport sector, and are a core output of the Taskforce Information Sharing System.
Russia’s announcement that it will close access to the Kerch Strait which connect the Black Sea and the Sea of Azov has triggered a reaction within the London insurance market.
The NATO Shipping Centre maintains a 24/7/365 oversight of security developments in the Euro-Atlantic area, the Mediterranean Sea, and the Black Sea. Shipowners are reminded of the Voluntary Reporting Scheme for the Mediterranean Sea.
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