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BLACKSEAWOOD

20 September 2016

The Black Sea Timber Charter Party was developed for shipment of timber from USSR and Romanian Black Sea and Danube ports. Copyright in this document is held by Shipchartering Co-ordinating Bureau, Moscow. The latest edition of this contract is BLACKSEAWOOD, issued in 1973.

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%.