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SOLAS amendments to enter into force on 1 January 2020

20 December 2019

The International Maritime Organization (IMO) has issued a set of important amendments to the International Convention for the Safety of Life at Sea (SOLAS), as well as various codes mandatory under the Convention. The changes will enter into force on 1 January 2020 and can be viewed below.

Persian Gulf: War risks revisited

21 June 2019

As a result of increasing tension in the Persian Gulf area following recent attacks on two tankers, War Risk underwriters are charging additional premiums (AP) for calls to the Arabian Gulf/Gulf of Oman. Some underwriters are charging a flat rate for all tonnage operating in the area, while others are differentiating based on the type of tonnage, flag and port of call. AP is typically charged as a percentage of the hull value. Underwriters day top value is at present 1%.