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Extracts from 2ND revised Edition 1965 of "Insurance of Ships Trading Outside Institute Warranties", a report by Advanced Study Group No. 138 of THE INSURANCE INSTITUTE OF LONDON: Note: The object of the report is to make more generally available a body of information about the nature and the peculiar hazards of these regions excluded by the Institute Warranties. The report does not concern itself directly with questions of hull rating. The publication of the report by the Institute does not necessarily imply agreement with the statements made or opinions expressed, for which the Advanced Study Group alone is responsible.